You'll need to sign in or create an account to connect with an expert.
If you are referring the advance Child Tax Credit that will become available each month from July through December 2021, those advance payments must be reconciled on your 2021 tax return that you file next year.
There are no monthly "stimulus payments" but there will be monthly child tax credit payments beginning in July. If you will not be claiming the child on your 2021 tax return and do not wish to repay the monthly amounts by having to reconcile them on a 2021 return, you can unenroll in the monthly payments.
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
leehogan000
New Member
LoraleaFox
New Member
dwalker_240
New Member
Xtermy
Level 3
maribelpronail
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.