Deductions & credits

Congratulations on your new twins!    Later in the summer there will be a portal where you can enter information for babies born in 2021.   The portal is not ready yet.   You will need their Social Security numbers.   Since you will not begin receiving those monthly payments in July you will be able to reconcile the full amount of the child tax credit when you file your 2021 tax return next year.

 

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

 

 

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**