Video Tips: Advance Child Tax Credit Reconciliation on 2021 Tax Return

In 2021, the IRS sent out Advanced Child Tax Credit payments to qualified families, using the data from 2019 and 2020 tax returns as an estimate. However, since it was just an estimation, the payments received must be reconciled on the 2021 tax return. Watch this video for details.

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I am happy to help. Just ask me a question. FBS Answers
Fugate Business Solutions is here to help. Schedule a free strategy call now and discover how we can make a difference. What can I answer for you?
Please fill out the form and our team will get back to you shortly The form was sent successfully