How the Child Tax Credit could affect your refund (infographic)
There have been a lot of changes with Child Tax Credit (CTC) recently that could affect your tax return this year. Thanks to legislation passed in 2021, millions of American families received advance Child Tax Credit payments in the latter half of the year.
How will these advance CTC payments affect your tax return? What if you didn’t receive any of the advance payments or opted out midway? You can find explanations of common scenarios in our Child Tax Credit infographic below.*
*Keep in mind: Every tax situation is different. The impact of the Child Tax Credit on your taxes may be complicated, and not everyone gets a refund.
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