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Child Tax Credit

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The child tax credit has long offered American families a needed tax break, but it’s never looked quite like this. Beginning July 15, American families will receive bank deposits or checks of up to $300 per child each month. While most families won’t need to take any action to get their payments, some will. Plus, to avoid being caught unawares next April, parents should recognize that these advance payments will affect the amount of credit available come tax time. 

Jill Ottley, Senior Tax Advisor and CPA at Squire & Company, has been closely following the updates and changes for this credit and is here with us this morning to discuss what this tax credit entails, who qualifies, how to apply, and more. 

Roger is a retired partner in the international law firm of Latham & Watkins. He is the co-founder and Chairman of Buildable Hours, a non-profit group that organizes law firms to build homes with Habitat for Humanity in several cities around the country. He and his wife Rana Tahtinen enjoy skiing and many of the other recreational activities offered by Park City. He is passionate about KPCW and its important role in our community.