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Advance Child Tax Credit Payments

2021 Child Tax Credit and Advance Child Tax Credit Payments


***The IRS will begin issuing Advance Child Tax Payments on July 15, 2021. The IRS reminds taxpayers that payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions. Visit www.irs.gov and click on Get Answers on the Advance Child Tax Credit for more information.***


Advance Child Tax Credit payments are early payments from the IRS of 50% of the estimated amount of the Child Tax Credit that you may properly claim on your 2021 tax return during the 2022 tax filing season. If the IRS has processed your 2020 tax return or 2019 tax return, these monthly payments will be made starting in July and through December 2021, based on the information contained in that return.


Frequently Asked Questions


1. Who is eligible for advance Child Tax Credit payments?


You qualify for advance Child Tax Credit payments if you have a qualifying child. Also, you — or your spouse, if married filing a joint return — must have your main home in one of the 50 states or the District of Columbia for more than half the year.


Check your eligibility here.


For information on how the amount of your Child Tax Credit could be reduced based on the amount of your income, see Topic C: Calculation of the 2021 Child Tax Credit.


2. When will I start receiving payments?


Advance Child Tax Credit payments will be disbursed in monthly installments starting July 15, 2021 through December 2021. More details about when you should expect to receive advance Child Tax Credit payments will be provided soon by the IRS. Click here for monthly payment dates.


3. Should I unenroll?


You may want to unenroll from receiving advance Child Tax Credit payments for several reasons, including if you expect the amount of tax you owe to be greater than your expected refund when you file your 2021 tax return. The payments you receive are an advance of the Child Tax Credit that you would normally get when you file your 2021 tax return. Because these credits are paid in advance, every dollar you receive will reduce the amount of Child Tax Credit you will claim on your 2021 tax return. This means that by accepting advance child tax credit payments, the amount of your refund may be reduced or the amount of tax you owe may increase.


You may avoid owing tax to the IRS if you unenroll and claim the entire credit when you file your 2021 tax return.


4. How do I unenroll?


Manage your payments here.


5. Where can I find more information?


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


Internal Revenue Service. Internal Revenue Service, Advance Child Tax Credit Payments. July 2021. Web Site. 13 July 2021.