{"id":4877,"date":"2021-07-07T00:00:00","date_gmt":"2021-07-07T04:00:00","guid":{"rendered":"https:\/\/www.whitcomb.com\/common-misunderstanding-of-the-advanced-child-tax-credit\/"},"modified":"2022-02-04T17:12:13","modified_gmt":"2022-02-04T21:12:13","slug":"common-misunderstanding-of-the-advanced-child-tax-credit","status":"publish","type":"post","link":"https:\/\/www.whitcomb.com\/blog\/2021\/07\/07\/common-misunderstanding-of-the-advanced-child-tax-credit\/","title":{"rendered":"Common Misunderstanding of the Advanced Child Tax Credit"},"content":{"rendered":"\n
The American Rescue Plan Act (ARPA) passed in early March of this year, included over $1 trillion in programs to stimulate the US economy after the COVID-19 shut down. Included in the package was a provision to increase the child tax credit and send advanced payments of the credit to families all over the country starting in July of 2021. We have received many questions surrounding these payments and below are a few of the common misunderstandings many shared.<\/p>\n\n\n\n
Talk to your tax advisor today to discuss how these advances will affect your unique tax situation.<\/p>\n","protected":false},"excerpt":{"rendered":"
The American Rescue Plan Act (ARPA) passed in early March of this year, included over $1 trillion in programs to stimulate the US economy after the COVID-19 shut down. Included in the package was a provision to increase the child tax credit and send advanced payments of the credit to families all over the country starting in July of 2021.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[46],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4877"}],"collection":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/comments?post=4877"}],"version-history":[{"count":1,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4877\/revisions"}],"predecessor-version":[{"id":4935,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4877\/revisions\/4935"}],"wp:attachment":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/media?parent=4877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/categories?post=4877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/tags?post=4877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}