Sandyln
Expert Alumni

Deductions & credits

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Claiming the Child tax credit in alternating is going to be an issue because the advance credits will be based on 2020 tax returns, or the most recent year the IRS has on file. Technically, though, the parent claiming the dependents for 2021 should get the payments, which can complicate things if the parents alternate years. 

 

For example: If Parent A claimed the child in 2020 but Parent B will claim him or her in 2021, Parent A will still get the advance payments, which means they may want to go ahead and waive them future tax payments because there’s a risk that if you’ll have to repay it in the 2021 tax season

 

https://turbotax.intuit.com/tax-tips/family/child-tax-credit/L9ZIjdlZz 

 

https://turbotax.intuit.com/tax-tips/family/7-requirements-for-the-child-tax-credit/L3wpfbpwQ

 

My suggestion would be to the IRS Advance Portal, register and up your information using the link below: 

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

 

the Child Tax Credit Eligibility Assistant Website:

https://www.irs.gov/credits-deductions/advance-child-tax-credit-eligibility-assistant

 

And lastly the Advance Child Tax Credit Payments in 2021 Website:

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

 

I would verify my eligibility and manage my account on the IRS website for clarification.

 

 

 

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