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Description
Your clients may be getting another letter from the IRS! But wait, it may be good news. The IRS will be sending eligibility letters to families who qualify for the advance Child Tax Credit payments starting on July 15th. More than 36 million families will be getting these letters, how many of them are your clients? You will know when you start getting confused calls from your clients.
As part of the American Rescue Plan that was signed in the middle of tax season, not only did the child tax credit increase, it will be partially paid in advance.
Join us to learn about what to expect and the amounts that will be going to some of your clients. We will talk about what your clients can do to enhance these payments or if they should opt out of the advance payments.