There are very few individuals who enjoy talking about taxes, but from time to time, there are tax situations that change for large numbers of individuals that should be learned about on a more granular level. The child tax credit is one that everyone needs to pay attention to since it is increasing the amount of money families receive per child on their taxes, and it changes the way in which that money will be received. Not paying attention can lead to legitimate tax problems later on. Today, we will discuss:

1. What a tax credit is (vs. a tax deduction)

2. How the child tax credit has changed in 2021

3. How we should react to the child tax credit changes

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