IRS creates web portal to help navigate the Child Tax Credit payment established by the American Rescue Plan

Changes made to the Child Tax Credit under the American Rescue Plan are designed to give families advance payments of the credit starting July 2021.

The IRS launched a web portal specifically created to help families navigate the new program.

Half the total credit amount will be paid in advance monthly payments, and families will claim the other half when filing their 2021 income tax return. 

The first advance payment will be issued on July 15, 2021. 

The new portal can be used to:

• Check if you’re enrolled to receive advance payments
• Unenroll to stop getting advance payments
• Provide or update your bank account information for monthly payments starting with the August payment
• In the coming months you will be able to make other updates that affect your payment.

To learn more, visit the portal HERE.