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E
Eddu044
July 21, 2021
Question

Child tax credit

  • July 21, 2021
  • 1 reply
  • 0 views

Our daughter was born this January 2021

Can I sign up for the monthly payments

If so how ? 

Thank you

    1 reply

    D
    Dyoung611
    July 21, 2021

    Congratulations on your new little one. Babies born before December 31, 2021 will be eligible for up to $3600 (decreasing based on parent's income). The IRS has created a portal which will be available to add and make changes to dependents (late summer) at https://www.irs.gov/credits-deductions/child-tax-credit-update-portal. If you do not change your dependent in this portal, there is an option to reconcile these funds on your 2021 taxes (filed 2022). 

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