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News EssentialsThe Newsroom TopicsIRS Resources | Issue Number: IR-2021-222Inside This IssueIRS: Families will soon receive November advance Child Tax Credit payments; time running out to sign up online to get an advance payment in December WASHINGTON — The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not getting payments and have not filed a tax return can still get one, but they must sign up on IRS.gov by 11:59 pm Eastern Time on Monday, Nov. 15. This fifth batch of advance monthly payments, totaling about $15 billion, will reach about 36 million families across the country. The majority of payments are being made by direct deposit. Under the American Rescue Plan, most eligible families received payments dated July 15, Aug. 13, Sept. 15 and Oct. 15. The last payment for 2021 is scheduled for Dec. 15. For these families, each payment is up to $300 per month for each child under age 6 and up to $250 per month for each child ages 6 through 17. Here are more details on the November payments:
Sign up by Nov. 15 Recently, the IRS sent letters to many Americans urging them to check out the Child Tax Credit and if they qualify, to sign up soon to get advance payments. Whether or not they got one of these letters, an eligible family who is not already getting monthly payments can still sign up to get an advance payment of the Child Tax Credit. Treasury and IRS urge any low-income family who doesn't normally need to file a return to sign up now to get their payment. The deadline is 11:59 pm Eastern Time on Monday, November 15. Families signing up now will normally receive half of their total Child Tax Credit on Dec. 15. This means a payment of up to $1,800 for each child under 6, and up to $1,500 for each child age 6 to 17. This is the same total amount that most other families have been receiving in up to six monthly payments that began in July. Any family who receives advance payments of the CTC during 2021 can claim the rest of the credit when they file their 2021 Federal income tax return. To help them do that, early in 2022 families will receive Letter 6419 documenting any advance payments issued to them during 2021 and the number of qualifying children used to calculate the advance payments. Families can make changes to their account Families who are already receiving monthly payments can use the Child Tax Credit Update Portal (CTC-UP) to quickly update their account. Available only on IRS.gov, CTC-UP already allows families to verify their eligibility for the payments and then, if they choose to:
Updates made by 11:59 pm Eastern Time on Nov. 29 will be reflected in the monthly payment scheduled for Dec. 15. Later this month, the IRS will launch a Spanish-language version of the tool. In addition, new features will be added to enable families to raise or lower their final monthly payment to reflect life changes, such as another child born or adopted in 2021. Community partners can help The IRS encourages partners and community groups to share information and use available online tools and toolkits to help non-filers, low-income families and other underserved groups sign up to receive these benefits. Links to online tools, answers to frequently asked questions and other helpful resources are available on the IRS' special advance CTC 2021 page. Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message. |
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