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The child tax credit is confusing for divorced, single, and non-traditional parents. Here’s who gets to keep the money.

The child tax credit is confusing for divorced, single, and non-traditional parents. Here’s who gets to keep the money.




The IRS and Treasury said the first batch of advance monthly payments worth $15 billion reached about 35 million families with about 86 percent of funds delivered by direct deposit. Tax returns processed by June 28 are reflected in these payments.



Source link : https://www.washingtonpost.com/business/2021/07/16/divorced-never-married-parents-child-tax-credit/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

Author : By Michelle Singletary

Publish date : 2021-07-16 11:00:56

Copyright for syndicated content belongs to the linked Source.

Tags : The Washington Post

MONDIALNEWS.COM :The child tax credit is confusing for divorced, single, and non-traditional parents. Here’s who gets to keep the money.
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MONDIALNEWS.COM The child tax credit is confusing for divorced, single, and non-traditional parents. Here’s who gets to keep the money.