Guest Author, Eddy Cheung, CPA , wrote a helpful blog on the Advanced Child Tax Credit and how it may impact your next tax refund. Here is an excerpt from the blog:

Some clients are starting to receive the Advanced Child Tax Credit automatically either via direct deposit or check.  If you decide to take the money early, this will mean that your 2021 tax refund will be lower by what you have received from June 2021 to December 2021.

Eddy Cheung, CPA provides tax preparation, business structuring, and audit defense services to clients throughout Southern California. To learn more about his practice, you can go to his website.

Click here to read the blog post.