The 2021 Child Tax Credit: Should you accept or decline advance payments?
For 2021 only the child tax credit has been increased from $2,000 per child to $3,000 per child from ages 6-17 and $3,600 per child for ages 5 and under. The credit will also be partially sent out in advanced payments for the first time. 50% of the credit will be advanced monthly from July-December 2021. [...]