New Advance Child Tax Credit Tools
IRS has launched two new online tools to help families manage and monitor advance monthly payments of the Child Tax Credit. These are in addition to the Non-filer Sign-up Tool
, launched last week, which helps families that are not normally required to file an income tax return to register for the Child Tax Credit.
The Child Tax Credit Eligibility Assistant
allows families to answer a series of questions to determine whether they qualify for the advance credit.
The Child Tax Credit Update Portal
allows families to verify their eligibility for the payments and unenroll or opt out from receiving the monthly payments. Future versions of the tool will allow people to view their payment history, adjust bank account information or mailing addresses and more. A Spanish version is also planned.
Identity verification is required in order to access the Child Tax Credit Update Portal. If a person has an existing IRS username or an ID.me account with a verified identity, they can use those accounts to sign in. People without an existing account will be asked to verify their identity with a form of photo identification using ID.me.
The first monthly payment will be made on July 15. Most families will begin receiving monthly payments automatically next month without any further action required. Learn more here