American Rescue Plan - Child Tax Credit (CTC) Expansion

What if I wasn't required to file a tax return in 2020?

The IRS has created a non-filer sign-up tool to help you submit your claim. If you did not file a 2020 return but still plan to, do not use this tool; instead, file your 2020 return as planned.  

I filed a return in 2020. What do I need to do to get my monthly CTC payment?

The IRS created the Child Tax Credit Update Portal. This tool will allow you to make changes to your tax information, opt out of the payments, or get status updates on your payments.

Can I update my bank account information using the update tool?

Use the Child Tax Credit Update Portal to determine eligibility, and then review the bank account information associated with your payment. You will be given an option to change the bank account information on file if needed. If no bank account information is displayed, you can add your account information. 

When will I receive the CTC payments?

Payments will be issued on the 15th of each month, unless the 15th is on a weekend or holiday. If you receive IRS payments via direct deposit, your CTC payments will be deposited to the same account. If you receive IRS payments via check, you should allow a little extra time for the check to be mailed. 

Can I opt out of the advance payments?

Yes. Use the Child Tax Credit Update Portal to unenroll from the monthly payments. Eligible taxpayers who make this choice will receive the CTC as a lump sum when they file their 2021 tax return. If you think you may not be eligible for the CTC for 2021, you may opt out of the monthly payments to avoid having to pay back any overpayment.

Additional Information

For the latest news and updates related to the CTC payments, visit the IRS Advance Child Tax Credit Payments in 2021

Related Links