Question

My child was born after 12/31/2020

Forum|Forum|4 years ago
October 31, 2021
3 replies
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can i get childs tax credit?

TurboTax Self Employed Online

Employee

No---you will get the CTC on your 2021 tax return if you claim the child as a dependent on your 2021 return. The IRS did not manage to start up the portal for people to claim children born in 2021 for the CTC monthlypayments, so you have to wait and get the CTC on your return as part of your refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DoninGA

Employee

You will be able to claim the Child Tax Credit on your 2021 tax return when you enter the child as a dependent on the 2021 tax return. Make sure that you indicate the child lived with you for the entire year of 2021 regardless of when the child was born in 2021.

You will also be able to receive the Recovery Rebate Credit for the child (stimulus payment) of $1,400 for the dependent child on the 2021 tax return.

Critter-3

Yes but you will need to wait for the credit on the 2021 tax return that you file next year ... the IRS has not made any other arrangements to add a new born in the system for the advance payments.

Q F3. What if I will claim a child on my 2021 tax return but did not claim that child on my 2020 tax return? (updated June 24, 2021)

A3. Your first advance Child Tax Credit payments will be based on the children you claimed for the Child Tax Credit on your 2020 tax return (or 2019 tax return, if your 2020 tax return has not been processed as of the payment determination date for any of your monthly advance Child Tax Credit payments).

Later this year, the Child Tax Credit Update Portal (CTC UP) will be updated to allow you to inform us about the qualifying children you will claim on your 2021 tax return so that we can adjust your estimated 2021 Child Tax Credit – and therefore adjust the amount of your monthly advance Child Tax Credit payments.

If you do not receive advance Child Tax Credit payments for a qualifying child you will claim in 2021, you may claim the full amount of your allowable Child Tax Credit for that child when you file your 2021 tax return.

More details will be provided regarding CTC UP through these questions and answers.