Child Tax Credit | Earned Income Tax Credit | Dependent Care Credit

Child Tax Credit monthly payments that some of taxpayers are currently receiving is part of next year’s tax refund for when we file our 2021 tax returns. Whether or not you qualify has everything to do with your AGI (Adjusted Gross Income).

It is important that you have an understanding because if you don’t qualify, this can cause an issue with your refund and/or if you will owe the IRS back the money you were not entitled to.

Beyond the Child Tax Credit, there are other credits relating to our children we claim on our tax returns and many people are not aware of that these credits expire as your child ages and this will impact your taxes.

In my latest YouTube video, I explain all of it.

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