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Parent died in May. Now what?

I was trying to figure out what you should do if the mother of the dependent, who claimed him in 2019 and 2020, dies in the tax year 2021. She died in May. We were not married but living together. I agreed to let her claim him due to AGI and made financial sense for her to. We have both filed our return for 19 and 20. So, what's happening with the advance? Her banking account should be closed. I'm not receiving anything because I didn't claim him, but i will be in 2021. Do I have any ability to get the advance? If not, will i receive the full credit on 2021 return? 

 

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Accepted Solutions
KochuK
Employee Tax Expert

Parent died in May. Now what?

Hi Joeyscott12144, thank you for joining the "Ask the Experts: New Dependent" special forum today.

 

Very, very sorry for your loss of mother of your child.

 

Base on your description, you are the custodial parent of the child and will claim him on your 2021 tax return.

Later this year, you should be able to use the Child Tax Credit Update Portal to update qualifying child information (not available now.)
Advance Payments of the Child Tax Credit
Which Online Tool Should I Use?
https://www.irs.gov/pub/irs-pdf/p5534e.pdf


If you do not update and receive $0 advance payment during 2021, you should receive full child tax credit when filing your 2021 tax return during 2022 filing season.

Regarding the advance received from the deceased mother side: depending on her filing status and income level, the final tax return may or may not have to pay back the excess Advance payments in the 2021 tax filing due to "repayment protection." Please refer to below link, questions/answers H4- H8 for various scenarios: full protection, partial protection, no protraction.

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

I hope the above helps.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
KochuK
Employee Tax Expert

Parent died in May. Now what?

Hi Joeyscott12144, thank you for joining the "Ask the Experts: New Dependent" special forum today.

 

Very, very sorry for your loss of mother of your child.

 

Base on your description, you are the custodial parent of the child and will claim him on your 2021 tax return.

Later this year, you should be able to use the Child Tax Credit Update Portal to update qualifying child information (not available now.)
Advance Payments of the Child Tax Credit
Which Online Tool Should I Use?
https://www.irs.gov/pub/irs-pdf/p5534e.pdf


If you do not update and receive $0 advance payment during 2021, you should receive full child tax credit when filing your 2021 tax return during 2022 filing season.

Regarding the advance received from the deceased mother side: depending on her filing status and income level, the final tax return may or may not have to pay back the excess Advance payments in the 2021 tax filing due to "repayment protection." Please refer to below link, questions/answers H4- H8 for various scenarios: full protection, partial protection, no protraction.

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

I hope the above helps.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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