The American Rescue Plan Act of 2021 (ARPA) expands the child tax credit, for 2021 only. This credit provides some unique planning opportunities, among them the potential to receive some of these credits as an advance payment starting in July. Here are some highlights of the new law.
This is a general overview. As always, if you have specific questions, please don’t hesitate to reach out to our office and we can help analyze how these changes will impact your specific situation.
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