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How do I get credit for my pre mature baby that was born last year???

 
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2 Replies
Sandyln
Expert Alumni

How do I get credit for my pre mature baby that was born last year???

Congratulations on the birth of your baby!!! What a wonderful addition to your family!!!!

 

My suggestion would be to the IRS Advance Portal, register and up your information using the link below: 

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

 

the Child Tax Credit Eligibility Assistant Website:

https://www.irs.gov/credits-deductions/advance-child-tax-credit-eligibility-assistant

 

And lastly the Advance Child Tax Credit Payments in 2021 Website:

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

 

Below is the recently talked about Advanced Child Tax Credit information: IRS is basing the Advance payments on 2020 or 2019 but they are going to update the portal in either Late August or September - I would visit the portal at that time so verify if you will be able to update your information.

 

You would use the Manage Payments portal to:

  • Check if you’re enrolled to receive payments
  • Un-enroll to stop getting advance payments
  • Provide or update your bank account information for monthly payments starting with the August payment

Here is the link to the Child Tax Credit Update Portal:  https://www.irs.gov/credits-deductions/child-tax-credit-update-portalHere is a link to the 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions:  https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-f...Q A16. When will I be able to update my information? (added June 21, 2021)A16. You will be able to update certain information in the coming months:

  *Date You Can Make Changes

 What You Can Do

   June 21

  •  Find out if you're eligible
  • Unenroll from payments
  • See a list of your payments

   June 30

  •  Make changes to your bank information for your payments beginning in August

   Early August

  •  Make changes to your address

   Late summer 

  •  Make changes to your dependents, marital status and income
  • Re-enroll if you previously unenrolled

* Dates subject to change

irs.gov

2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions | Internal Re...

There have been important changes to the Child Tax Credit that will help many families receive advance payments. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only. Below are frequently asked questions about the Advance Child Tax Credit Payments in 2021, separated by topic.

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How do I get credit for my pre mature baby that was born last year???

Hello! So if a child is born in 2020, that child should be claimed in that tax year. The IRS is basing their Advance Child tax credit payments on that 2020 filing, so if you have not yet filed your 2020 taxes - File your 2020 tax return. Even though you did not receive the Child Tax Credit based on your 2019 tax return, you may receive advance Child Tax Credit payments based on the number of qualifying children allowed on your 2020 tax return. The payment will start in July or the month after your 2020 tax return is processed, whichever is later. 
The Advance child tax credit is based upon your eligibility for credits in 2021, but the advance payments have only gone out to people based upon their 2020 and 2019 tax filing status. https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...
If you have to make updates to your dependents, you'll have to wait until later on in the summer, that function isn't available on the portal quite yet. https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...

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