Congratulations on the birth of your new baby!!!!!!!
The IRS is basing the Advanced Child Tax Credit payments on children claimed on the 2020 return or born in 2020. The IRS plans to update the Manage Payments portal to allow taxpayers to update the information on children born in 2021 in late August or September.
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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