Advance Child Tax Credit 2021... It’s not MORE money, it’s YOUR money

The Advance Child Tax Credit 2021 (CTC) signed into law by President Joe Biden recently as part of the American Rescue Plan won’t put MORE money into your bank account each month if you are an income-based qualifying parent, it will just put YOUR money into your bank account...doing so earlier than usual.

Eagle Grove Accountant Mark Sampson stated he has already gotten several calls about the new plan, with several people confused, thinking this is another type of stimulus check. He cautions, it’s not.