Child tax

[ealsup]

My ex and I alternate child tax deductions each year. If I don’t claim my child next year, what impact will this have on my taxes relative to the current monthly child tax credit payments being sent to me currently?  I am currently receiving the monthly child tax credit of $250 per month as I claimed my child on last years taxes. 

[silvrwing]

Hi Ealsup, if you are receiving the Advanced Child Tax Credit and you will not be claiming the child on your 2021 tax return, the Advanced amount received would be deducted from your refund, or would have to be paid back if you weren't getting a refund.  You can unenroll to stop getting advance payments through this link to the IRS website.  Go to "Manage Payments"

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