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The Child Tax Credit is a tax break you can take for qualifying children. Learn who qualifies and how to claim this credit.
FS-2021-10, July 2021 — Starting July 15, millions of American families will automatically begin receiving monthly Child Tax Credit payments from the Treasury Department and the IRS.
If you received advance payments of the Child Tax Credit, you need to reconcile (compare) the total you received with the amount you’re eligible to claim. To reconcile advance payments on your 2021 return: Get your advance payments total and number of qualifying children in your online account. Enter your information on Schedule 8812 (Form 1040).
Q A11. Will the IRS send me a letter about my advance Child Tax Credit payments to help me claim the correct Child Tax Credit amount on my 2021 return during the 2022 tax filing season? (updated May 20, 2022)
There have been important changes to the Child Tax Credit that will help many families receive advance payments. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only. Below are frequently asked questions about the Advance Child Tax Credit Payments in 2021, separated by topic. Do not call the IRS.
Frequently asked questions about the 2021 Child Tax Credit and Advance Child Tax Credit Payments Topic C.
The IRS urges families to use a special online tool, available only on IRS.gov, to help them determine whether they qualify for the child tax credit and the special monthly advance payments beginning July 15.
IR-2021-130, June 22, 2021 — The Internal Revenue Service today launched two new online tools designed to help families manage and monitor the advance monthly payments of Child Tax Credits under the American Rescue Plan.
Q B6. Was I eligible to receive advance Child Tax Credit payments if my qualifying child died in 2021? (updated January 11, 2022)
Q A4. How did the IRS determine the amount of my advance Child Tax Credit payments? (added January 31, 2022)