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We keep you up to date on the latest tax changes and news in the industry.

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.

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