Advanced Child Tax Credit

Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax year 2021 only.

To qualify for advance Child Tax Credit payments, you — and your spouse, if you filed a joint return — must have:

The IRS will use information you provided earlier to determine if you qualify and automatically enroll you for advance payments. You do not need to take any additional action to get advance payments.

However, this credit will lower the credit you are used to getting on your tax return by half.

If you prefer to opt out of receiving advanced payments, please click in the link and “Unenroll”; the IRS will prompt you to log in or create an account.

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