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Deductions & credits
A child who is born this year is eligible for the child tax credit. If you do nothing now, you'll receive the credit when you file your return. A newborn is also eligible for advance child tax credit payments, but the IRS has not yet set up the mechanism to tell them about the child. They expect to have this feature available late in the summer, at which time it will be on the portal:
https://www.irs.gov/credits-deductions/child-tax-credit-update-portal
Nick K, EA
‎July 21, 2021
6:35 AM
392 Views