Articles Tagged with child tax credit

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Spring in Greensboro brings certain things. Pollen, unexpected rain showers, warmer weather, and taxes. The American Rescue Plan was enacted as part of ongoing Covid-19 relief. This plan provides an additional relief check, subject to income-cap requirements based on either 2019 or 2020 tax returns (most recent filed). The Plan also provides for an advance on half of a potential child tax credit for next year. These payments may both be at issue in a divorce case. Having tax return money in contention between divorcing spouses is hardly a novel concept. But due to the legislation providing pandemic relief, many spouses must find creative ways to divide relief funds when they were based on joint filings. The child credit advance presents a new wrinkle in divorce and custody cases. Continue reading →