This scenario is quite common. The IRS had a Child Tax Credit Portal available to report that you would not be claiming that dependent for 2021. You could've input that info and stopped that advance child tax credit payments. (1) So, technically, the other parent should've been the one to receive the payments. The other parent also could've used the Child Tax Credit Portal to inform IRS that he/she would be claiming the child for 2021 to get the payments started. (2) The other parent may claim the full amount of his/her allowable Child Tax Credit for that child when he/she files the 2021 tax return. (3) So far, this system of sending out advance child tax credit payments has only been implemented for 2021 tax credits. Stay tuned to the news for any legislative updates. (4) If the advance child tax credit payments get set up for 2022, you and the child's other parent will need to visit the Child Tax Credit Portal on IRS.gov to enter the pertinent information (which dependent's each of you will actually be claiming for 2022).
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