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The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment. The tool also allows families to unenroll from the advance payments if they don't want to receive them.
The Child Tax Credit Update Portal allows families to verify their eligibility for the payments and if they choose to, unenroll, or opt out from receiving the monthly payments so they can receive a lump sum when they file their tax return next year.
You can claim the Child Tax Credit by entering your children and other dependents on Form 1040, U.S. Individual Income Tax Return, and attaching a completed Schedule 8812, Credits for Qualifying Children and Other Dependents.
Using the Child Tax Credit Update Portal, you can view your payment history and add your direct deposit information if the IRS doesn't have it from a recent tax return. If the IRS has...
If you are receiving monthly advance payments of the Child Tax Credit, you can make certain changes in the Child Tax Credit Update Portal by 11:59 p.m. Eastern Time on October 4 to affect the next scheduled payment on October 15, 2021.
The Child Tax Credit Update Portal (CTC-UP) allows families who are already receiving monthly payments to view those payments as well as use it to update their accounts. Updates can include: Switch from receiving a paper check to direct deposit; Change the account where their payment is direct deposited; Update their mailing address;
2021 Child Tax Credit and Advance Child Tax Credit Payments: Resources and Guidance. Publication 5549, IRS User Guide: Child Tax Credit Update Portal. Publication 5534-E, Advance Payments of the Child Tax Credit: Which Online Tool Should I Use. Questions and Answers About the Advance Child Tax Credit Payments.