- Overman & Parks, CPAs, PA
Advance Child Tax Credits
The news is abuzz these days with information about your Advance Child Tax Credits and most eligible people have already received their first payment. It is important to note, however, that for some taxpayers it would be better to opt out of these payments. The decision to opt out is specific to each tax situation, but it is worth looking into while we are still early in the year. Even though the first payments have been issued, you are still able to opt out of future payments if that is what is best in your situation. Please let us know if you need help in making this decision.