While being able to receive advance credits may be great news for many taxpayers, the downside is that taxpayers who receive advance amounts for which they are not eligible may be required to repay these advances when they file their 2021 return.

Let's talk about how you can opt-out of these future payments.

RESOURCES:

EP. 107 - 2021 Child Tax Credit

How to Unenroll: Taxpayers should go to the Child Tax Credit portal on the IRS’s website to unenroll. 

The portal can be accessed here.

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