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2021 Covid Bill Increases Child Tax Credit. If you have a Child Custody or Child Support Case This is Important

| Mar 11, 2021 | Firm News

Under the law passed today in Congress, the child tax credit changes substantially for 2021. If you have a current case involving, child support, custody, or paternity, you should review the changes for your situation because it raises the amount and differs depending upon the age of the child. You should contact your attorney, your tax adviser, or if you do not have an attorney consult one. The credit becomes fully refundable. It does have a phase out, but it is for very high income earners. For an article discussing the changes along with a calculator check here https://www.kiplinger.com/taxes/602378/congress-passes-3000-child-tax-credit-for-2021

Prepared by Richard A. Mann of Mann Law, P.C. Attorneys at Law, www.rmannlawoffice.com
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This blog does not constitute legal advice, nor does it establish an attorney client relationship. This is for general information purposes as in most legal situations the facts and terms of an agreement between the parties can affect the result.