Advanced Child Tax Credit Payments

On July 15th, the Advanced Child Tax Credit payments will start rolling out to those eligible. The IRS will start depositing the first of six monthly payments into eligible parent’s bank accounts. Single taxpayers with an income of $75,000 or less, and married filing jointly taxpayers with income below $150,000, will receive up to $1,800, per child. If you file as Head of Household, the income limit is $112,500. 

For more information about the Advanced Child Tax Credit, visit our blog now.