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Level 1
July 21, 2021
Question

Child tax cedit

  • July 21, 2021
  • 1 reply
  • 0 views

I just had my first child Jan. 2 this year so I was not able to claim her when I filed this year. What do I do to receive the monthly payments that started this month? Or do I even qualify? 

    1 reply

    Critter-3
    Level 15
    July 21, 2021

    You may be eligible for an advance of the child tax credit to be paid during 2021.

    See this IRS website for information - https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

    Joe_D-CPA-PFS-CFP
    Level 5
    July 21, 2021

    Hi,

     

    Thank you for asking your question! You have the option to wait until next year to get your full credit on your tax return. If you would like to receive payments monthly in 2021, you must log in to the IRS portal to do so. Some of the functionality, what you can and can't do, of the IRS portal is being introduced in phases.

    Here is where you can get the latest information:

    IRS Advanced Child Tax Credit Portal

    IRS Advanced Child Tax Credit FAQs