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Child tax credit: you will use these 2 IRS portals to get your money

Two IRS portals for the 2021 Child Tax Credit will open by July 1 to help keep your information up to date.

Sarah Tew / CNET

Eligible families will start receiving the upgraded version child tax credit payments the 15th of July. If you are expecting payment, see how much you will get here. However, before the IRS can send these payments, it will open two portals for people eligible dependents to make the necessary changes. The portals will also be used for deactivate monthly payments if you’d rather get a big check, and make sure you’re listed if you don’t normally file a tax return. We will explain all the details below.

the 2021 child tax credit payments will be made on the 15th of the month, with checks for up to $ 300 per child each month or $ 3,600 total, depending on your children’s age at the end of the year. Note that there is a income limit you must meet to get full payment.

We’ll tell you everything we know so far about separate IRS portals – and what we don’t know yet. Here are some different ways to use your child tax credit checks and how can you receive your payment. Here’s how you can claim a supplement Credit of $ 8,000 to $ 16,000 for child care expenses.

What Can You Do With The IRS Online Child Tax Credit Portal?

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. It’s important for domestic violence survivors, Nina Olson, executive director of the Center for Taxpayer Rights, said in an IRS monitoring 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


Can I use one of the child tax credit portals to opt out of monthly payments?

The main portal mentioned above will also 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 if I don’t usually file my 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, to ensure their eligibility. This group would include people who do not have a bank account and the homeless population.

How to help those who do not have a permanent address at the moment

Right now, the IRS is urging people to share information about the child tax credit with those who don’t 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 allow those who generally do not declare taxes to update their information.

Sarah Tew / CNET

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

The IRS has set an opening date for July 1, although we don’t have an exact target 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.

What we don’t know about child tax credit portals right now

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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