Important changes to the Child Tax Credit will result in many families receiving advance payments for the credit starting this summer.
The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax year 2021 only.
- Questions and Answers About the Advance Child Tax Credit Payments
- 2021 Child Tax Credit and Advance Child Tax Credit Payments: Resources and Guidance
- Check to see if you may be eligible for the advance child tax credit payments