Tax News Briefs 
Things You Need to Know for Tax Year 2021
Advanced Payments of Child Tax Credit to Begin July 15 The Internal Revenue Service (IRS) has announced that the first monthly payment of the expanded and newly advanceable child tax credit from the American Rescue Plan will b... TheTaxBook
July/Aug 2021,
Tax News Briefs,
advanced, American Rescue Plan Act, Consolidated Appropriations Act, child tax credit, adjusted gross income, AGI, §274, §132(e)(2), §119, de minimis, dependent care assistance program, DCAP, flexible spending arrangement, FSA, Notice 2021-15, Notice 2021-26, §274(n)(2)(D), 100-percent deduction, 50-percent limitation