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Home / Tips and Tricks / Children’s Tax Credit Portals Coming Soon: Updating Household Information and Opting Out of Monthly Checks

Children’s Tax Credit Portals Coming Soon: Updating Household Information and Opting Out of Monthly Checks



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The first installment of the monthly advance payments starts on 15 July.

Sarah Tew/CNET

The enhanced child tax credit is a key part of the latest stimulus package and will affect an estimated 39 million American families. Parents can receive up to $3,000 for each child ages 6 to 17, or $3,600 for children under 6, and can decide this year whether they want to receive half of that money through monthly advances. To estimate how much your family qualifies for, you can use CNETs child tax credit calculator.

If your family is qualified, you can expect your first partial payment on July 15th. But before that date, you will have access to two web portals that will help you roll out. One of the portals gives parents the chance to refuse the monthly installments if they prefer to receive a fixed amount in 2022. Another portal is for those who normally do not file a tax return. Households should use the portals to notify the tax authorities of any change in circumstances, such as the birth of a child or a change in marital status.

This is what we know so far. We will continue to update this story as the IRS releases more information. We can also propose something ways to use the tax credit checks for your child, give you details on how you might do that receive your payment and tell you how to claim thousands of dollars back for childcare expenses.

What are the new online child tax reduction portals used for?

At this point, we know that the upcoming IRS portals will help parents make the necessary changes:

  • The main portal can be used to: let families unsubscribe from receiving the monthly child tax credit payments — this is for those who would rather receive one large payment next year rather than receive half of the credit this year through partial payments.
  • The other portal is for families who: normally don’t file a tax return. This helps ensure that their information is up-to-date, even if they have new dependents or have a change in filing status or income. (This is important because income thresholds determine how much money parents can receive and whether they qualify.)

When Can Parents Access the IRS Child Tax Reduction Portals?

The IRS has set an open deadline of July 1, although we don’t have an exact date yet — the portals may come online sooner. The IRS simultaneously processes tens of millions of tax returns, which can affect the timeline as it organizes the child tax credit program.

How can households choose not to receive monthly payments?

The main portal lets you unsubscribe from receipt the monthly child discount. What does that mean? It means that instead of receiving monthly payments of, say, $300 for your 4-year-old, you can wait until you file your 2021 taxes in 2022 to receive the $3,600 lump sum.

You may also opt out because you expect your circumstances to change and you do not want to update your information in the portal.

Can parents use the portal even if they don’t file a tax return?

The IRS opens a second portal for people who typically don’t file their income taxes. This child tax credit portal allows this group to provide the IRS with updated information, including the number and ages of their eligible dependent children.

The portal is expected to allow tax-non-filers to submit a simplified electronic form to the IRS to ensure eligibility. This group would include people who do not have bank accounts, as well as the homeless population.

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There is no limit to the number of children parents can receive the credit as long as they and their family members are eligible.

Sarah Tew/CNET

What else do you need to know about the child tax relief portals?

Families of taxpayers can make changes to all living conditions since they last filed their tax returns, such as a income change and guardianship status. For example, if you’re going to make less money this year, you’ll want to notify the IRS of those changes so you can see the correct amount of child discount.

if you had or having a new baby this year, it is important to notify the IRS so that you can receive your payment for up to $3,600 for that child. The same applies if you have adopted a child or if you have a new dependent child since your last tax return.

If you have been granted full custody of your child, you will also be the parent who will receive the money for your child. note that parents with shared custody not all receive compensation. This is important for survivors of domestic violence, according to comments made during an IRS surveillance hearing by Nina Olson, executive director of the Center for Taxpayer Rights. “That change of circumstances portal should allow them to enter their change in marital status and also where the children are.”






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What about families that do not have a permanent address?

The IRS urges people to share information about the child discount with people who do not have permanent addresses. By doing so, you help ensure that families receive the payments they qualify for. You can share information about the online portals with them so that they know the programs to help them file tax returns.

What details of the IRS online portal do we still need to know?

There are many details that are still unclear about the IRS child tax credit portals, including:

  • The exact date when the portals will be available to families.
  • How the portals work for families updating their information.
  • How families will differentiate between the two portals.
  • The process of opting out of the monthly payments.

For more details on the 2021 child tax credit, here is: how much money you can expect. Also here is what it takes for you and your family members to be eligible for the payments.


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