Opt out after three months

[Marwilli]

Can I opt out of the CTC after receiving payment for three months? I want to make sure I don't owe money on my taxes next year.

[Anonymous]

Hello Marwilli,

Yes, you will be able to opt out whenever you want, but make sure you do so by the specified deadline given in QJ2 on this IRS webpage:  https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...

Here is where you opt out:  https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

Have a great day!