The American Rescue Plan Act—a large piece of legislation aimed at continuing the battle against the impact of the coronavirus pandemic—included major changes to the child tax credit. One of the changes—a restructuring to include advance payouts of a portion of the credit—may cause major headaches for divorced parents, explains a recent article from CNBC. To learn about the complications that the advance payment structure presents and for some advice on how to preempt the issues, click here to read the article in full.
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