First let me say congratulations on the addition to your family!
Here is a link to the Child Tax Credit Calculator and Top 7 Requirements:
Child Tax Credit Calculator and Top 7 Requirements
This article will give you a good, detailed description of the credit and the requirements and limits. The IRS uses the information on your 2020 return. For example, one thing that may limit or disqualify you for the advanced credit may be your adjusted gross income. But you can update your 2021 information by using the IRS portal for the Advanced Child Tax Credit found here:
Child Tax Credit Update Portal
I hope you find this information useful!
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