Child tax credit: IRS portals will help you get benefits, update status, and opt out

Parents can use upcoming IRS portals to change their income information.

Sarah Tew / CNET

Eligible families for the enlarged child tax credit payments can expect to see these benefits from July 15, but they can calculate how much to expect to receive before this date. The IRS has announced that before sending the first batch of partial monthly payments, it will open two online portals for parents with eligible dependents. Portals can be used to register (for those who do not normally file a tax return), to update information such as a change in the number of children and to deactivate monthly payments. We’ll tell you what we know below.

The 2021 advanced child tax credit payments will be released on the 15th of the month, with each check up to $ 300 per dependent or $ 3,600 in total, depending on the child’s age at the end of the year. Parents should be aware of the income limit and other conditions to get full payment.

We will update this story regularly to explain the separate IRS portals as we receive more details. Here are some different ways to use your child tax credit checks, how can you receive your payment and how you can claim a supplement Credit of $ 8,000 to $ 16,000 for child care expenses.

What Will IRS Online Child Tax Credit Portals Let You Do?

Taxpayer families will be able to make changes to any life circumstances since their last tax return, such as a income change and child custody status. For example, if you started making less money this year, you’ll want to update the IRS about these changes so you can get the correct amount of child tax credit.

If you had or will have a new baby this yearIt is important to notify the IRS so that you can receive your payment up to $ 3,600 for that child. The same applies if you have adopted a child or if you have gained a new dependent child since your last income tax return.

In addition, if you have obtained full custody of your child, you will be the parent who will receive the money for your child. Note that parents who have shared custody will not each receive a payment. This is important for survivors of domestic violence, Nina Olson, executive director of the Center for Taxpayer Rights said in an IRS surveillance hearing. “This changed circumstances portal should allow them to enter their change in marital status and also where the children are.”

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Child tax credit: everything we know


When will the child tax credit portals be open to eligible families?

The IRS has set an open deadline of July 1, although we don’t have an exact date yet. Portals could go live sooner than that. The IRS simultaneously processes tens of millions of tax returns, which can affect the timing while also running the child tax credit program.

Can child tax credit portals be used to decline monthly payments?

The main portal will allow you refuse to receive monthly child tax credit payments. What does it mean? This means that instead of receiving monthly payments of, say, $ 300 for your 4-year-old, you can wait to file your 2021 taxes next year to receive the lump sum of $ 3,600.

You can also unsubscribe because you expect your situation to change and do not want to update your information in the portal.

What about parents who don’t normally file an income tax return?

The IRS will open a second portal dedicated to people who typically don’t file their income taxes. This child tax credit portal will allow this group to give the IRS their updated information, including the number and ages of their eligible dependent children.

The portal should allow non-filers to submit a simplified electronic form to the IRS for secure their eligibility. This group would include people who do not have a bank account, as well as the homeless population.

What about those who do not have a permanent address?

At this moment, the IRS urges people to share information about the child tax credit for those who do not have a permanent address. By doing this, you ensure that eligible people receive the payments to which they are entitled. You can share the information on the portals with them so that they know about the programs to help them file a tax return.

piggy bank, calculator and magnifying glass

A portal will help those who don’t typically file tax returns update their information.

Sarah Tew / CNET

What we still don’t know about child tax credit portals

There are still a lot of details that are still unclear about the IRS Child Tax Credit portals, including:

  • The exact date the portals will be available for families.
  • How the portals will work for families updating their information.
  • How families will differentiate the two portals.
  • The process of disabling monthly payments.

For more details on the 2021 Child Tax Credit, here is how much money you can expect to get. Also here is what it takes for you and your dependents to qualify for payments.

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