Child tax credit: IRS portals will help you get monthly payments, update information, and opt out

Parents might want to review their income or the number of dependents before receiving a child tax credit check.

Sarah Tew / CNET

Parents who qualify for advance child tax credit payments may want to calculate how much they should expect to receive before the launch of payments in July. Before sending out the first batch of partial monthly checks, the IRS will make two online portals available to families with eligible dependents. Portals can be useful for registering (if you don’t normally file an income tax return), for updating information (if there is a change in the number of dependents) and for deactivate monthly payments if you want a lump sum instead.

We will share what we know here. the early payment of the child tax credit will be released on the 15th of each month. Each check could cost up to $ 300 per child depending on the child’s age by the end of 2021. Parents should be aware of the income limit and other conditions for obtaining full payment per child.

As we receive more details, we’ll frequently update this story to explain the different IRS portals. 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 can you do with the next online child tax credit portals?

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 change of 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 can eligible families access the IRS portals?

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 families decline monthly payments through the portals?

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, as you expect your situation to change and do not want to update your information in the portal.

Will the portals be useful for parents who do not normally file their taxes?

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 families who do not have a permanent address?

At the moment, the IRS urges people to share information on 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

One of the IRS portals will allow those who typically don’t file tax returns to update their information.

Sarah Tew / CNET

Child tax credit portals – certain information is to be determined

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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