Little one tax credit score and shared custody: Are each dad and mom eligible for a cost for a similar child?

The brand new guidelines across the baby tax credit score decide who does — and would not — get the cash.


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Households can anticipate a big sum of money between this 12 months and subsequent with the expanded baby tax credit score, assuming they’ve kids who meet the necessities (this contains infants born in 2021). The funds will start in July and shall be despatched out month-to-month till December — you may want to assert the remainder of the cash in your 2021 taxes. However in case you share custody of a kid, how will the CTC funds work?

Adjustments to the principles for the kid tax credit score may usher in funds as giant as $3,600 for households with children below age 18. Much more essential, dad and mom who pay little to no federal tax will get the total quantity they qualify for. Beforehand, lower-income households have been excluded from the complete quantity they have been due due to this rule.

So what’s completely different in regards to the revised credit score, who’s eligible for a cost and can dad and mom who share joint custody of a kid every get cash? We’ll

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