Have you been getting Child Tax Credit checks from the IRS? As exciting as “free” money may be, it’s important to understand that this is only an advance and will be claimed later on your 2022 taxes. Did you know that you can opt out of these payments? It’s a simple process on the IRS website. If you are a married couple, each person will have to complete their own opt out form.
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
