MarketWatch The first deadline to opt out of the expanded child tax credit is Monday, and there’s one good reason to do so. Financial experts warn that while the Internal Revenue Service prepares to issue millions of monthly child-tax-credit payments to American parents, some of them may want to consider skipping the money now — or expect a tax bill later. The rules governing this year’s advance payments for the child tax credit, or CTC, may persuade parents who are close to the income eligibility limitations to opt out in order to avoid having to repay the money at tax time next year. The first installments are due on July 15, and the deadline to skip the July payment is Monday, June 28. People who want to cancel their July payment have until Monday at 11:59 p.m. Eastern Time to do so./n
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