Advance Child Tax Credit payments will begin in July. These payments are not additional stimulus money, but rather an advancement of the credit you are to receive on your 2021 tax return. Please keep track of the amounts you receive each month as we will need this information to prepare your 2021 tax return. If you have additional questions on how this will impact your personal 2021 tax situation, please call our office and ask to talk to your accountant. You can also see Q&A from Kiplinger below for additional information.