June 24, 2021
Facts about Advance Child Tax Credit
IRS has a dedicated page for the Advance Child Tax Credit which now includes a link to a page including FAQs such as:
IRS Tools Related to the Advance Child Tax Credit
The IRS has created the following tools (that are available now) related to the Advance Child Tax Credit:
Individuals who are eligible to receive the Advance Child Tax Credit payment can use this tool to do the following:
Additional functionality will be added in the coming months that will allow an individual to:
To access this tool, an individual must first verify their identity. If the individual already has set up an account with the IRS they can use that login information to sign in. If they do not have an existing account, they will be asked to verify their identity with a form of photo identification using ID.me, a trusted third party for the IRS.
Anyone who cannot use the online tool may opt-out of receiving the Advance Child Tax Credit payment by contacting the IRS at 800-908-4184. The toll free number is in the top right hand corner of the Letter 6416 that they received in mid-June.
This tool will allow an individual to determine if they are eligible for an Advance Child Tax Credit payment.
Individuals will be asked questions such as:
This tool is designed to help eligible individuals who do not normally file tax returns register for the monthly Advance Child Tax Credit payments.
It is an update of last year’s IRS Non-filers tool that was used for the Economic Impact Payments.
This tool is for individuals who did not file a tax return for 2019 or 2020 and who did not use the IRS Non-filers tool last year to register for Economic Impact Payments. The tool enables them to provide required information about themselves, their qualifying children age 17 and under, their other dependents, and their direct deposit bank information so the IRS can quickly and easily deposit the payments directly into their checking or savings account.
For more information, see the following on the IRS website: