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Tag: American Rescue Plan Act

  • Advance Child Tax Credit Payments in 2021 | Virginia Benefits Group

    There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only. The expanded credit means: The credit amounts will increase for many taxpayers. The credit for…