For stimulus payments 1 and 2, see Where's My Refund. If you decide not to receive any more monthly payments, you will receive the remaining child tax credit as a lump sum next year when you file your tax return. The Get It Back campaign helps eligible people apply for tax credits and use free tax filing assistance to maximize time. If you don't owe taxes or your credit exceeds the taxes you owe, you'll get the extra money in your tax refund.
For the most distressed families, the child tax credit reduced food shortages among low-income families by 25 percent and had a dramatic impact on reducing child poverty. For official guidance, see IRS Publication 972, Child Tax Credit and Credit for Other Dependents. You can add or change your bank account information through the IRS child tax credit update portal. To unsubscribe from monthly payments or unsubscribe, you can visit the IRS child tax credit update portal.
If you haven't yet filed your tax return, you still have time to file it and get your full child tax credit. If you received early child tax credit payments, you should reconcile (compare) the total you received with the amount you can claim. The child tax credit provides money to support American families by helping them make ends meet, pay more easily for the costs of raising children, or saving for their children's future. This website provides information to help the public understand the child tax credit and anticipate child tax credit payments.
The American Rescue Child Tax Credit Plan provides the largest child tax credit in history and historic relief to most working families in history. Even if you received monthly payments, you must file a tax return to get the other half of your credit.
