Should I Take the Advanced 2021 Child Tax Credit?

Starting from July 15, 2021, and for the next 6 months, some families with child(ren) will receive monthly cash as an advanced child tax credit so that you can start spending it. Some people are either confused about what’s going on or are worried that taking the credit now will hurt them later in the year when they pay their taxes. Here’s a breakdown (assuming one child):2020 Child Tax Credit: $2,000 per qualifying dependent child under age 172020 Max Child Dependent Care Tax Cre...