What To Know About Child Tax Credit Checks
/ Flickr / CC-by 2.0 Some parents will see a boost to their bank account on Thursday, as the first installments of the Advance Child Tax Credit are deposited by the IRS. WGLT talked to Rick Johnson, owner of Tax & Accounting Plus in Bloomington about what families need to know. What's different about the way this program is structured? RJ: Since probably back in 1997, there's been a child tax credit of some sort, and it has kind of increased over the years. President Biden in March, as part of the American Rescue plan, decided to increase those amounts to help everybody because of COVID.
Source: wglt.org