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June 2021

Advance Child Tax Credit Payments

The American Rescue Plan expanded the Child Tax Credit and provided a mechanism for families to receive advance payments for the credit. In this video, we will provide an overview of the Child Tax Credit and the advance payments that will begin this summer.

The Qualified Business Income Tax Deduction

The Qualified Business Income (QBI) Deduction can reduce an individual’s tax liability on pass-through income by as much as 20% of taxable business income from the entity. Here’s a great 3-minute video to find out more.