07/19/2021
We continue to field many calls with questions regarding the advanced child tax credit payments being sent out July-December. Here's one frequently asked question and the link below directs you to others which you may have:
Q G7. I received one or more advance Child Tax Credit payments for my qualifying child, but that child moved in with her other parent in March 2021. What should I do? (updated June 24, 2021)
A7. You should take one of the following actions:
Agree with your qualifying child’s other parent to allow you to claim that child for the Child Tax Credit for 2021. You must receive from your child’s other parent a signed Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent, and attach it to your 2021 tax return on which you claim the Child Tax Credit.
Consider using the Child Tax Credit Update Portal (CTC UP) to unenroll from receiving advance Child Tax Credit payments, or to remove that child from your Child Tax Credit information provided to the IRS. As a result, your future advance Child Tax Credit payment amounts will be reduced to take into account your unenrollment or removal of that child.
If you take neither action, you may need to repay to the IRS the amount of advance Child Tax Credit payments you received that are based on that child when you file your 2021 tax return next year.
Frequently asked questions about the 2021 Child Tax Credit and Advance Child Tax Credit Payments Topic G
