VERIFY | Only 1 parent in custody arrangement gets the American Rescue Plan child tax credit advance
While the IRS works to implement the American Rescue Plan Act of 2021, families are trying to figure out how it affects their tax returns
Author: Anne Allred, Erin Richey (KSDK)
Published: 10:33 PM CDT April 22, 2021
Updated: 10:33 PM CDT April 22, 2021
ST. LOUIS — As part of the American Rescue Plan, millions of families will start receiving enhanced child tax credit payments in July.
Families with a child under the age of 18 could get up to $1,800 this year as they receive advance payments of the child tax credit.
But the American Rescue Plan also introduces tax provisions that change who qualifies. In some situations, only one parent gets the cash.