How mother and father with shared custody ought to navigate the kid tax credit score

ST. LOUIS – You may have already received a deposit or check for the child tax credit, but how does that work if you are a divorced parent and share custody?

The first check was made on July 15th and these payments will continue monthly through the end of the year.
Jonathan Marks of The Marks Law Firm explained the predicament on the Lakeside Renovation and Design Weather Deck.

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Parents receive $ 3,600 per year for children under the age of 6. Parents with children 6-17 years of age receive $ 3,000 per year.

The IRS will then hide it based on a family’s taxes in 2020.

For divorced parents who take turns claiming their children from their annual taxes, the parent who filed an application in 2020 can receive the money, which they then have to repay in 2021.

Marks said the parents who receive the money and know they have to return it can contact the IRS.

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