Families can now easily update their mailing address in the IRS Child Tax Credit portal. This is very important for families who choose to receive their payments in the mail, rather than by direct deposit.
To use the portal, go to the IRS Child Tax Credit page and select “Manage Payments.” The portal now allows users to:
- Change their mailing address;
- Switch from receiving a paper check to direct deposit;
- Change the account where their payment is direct deposited; or
- Stop monthly payments for the rest of 2021.
If you run into challenges using the portal, our July 12 post offers a few tips. An earlier post explains what is different about the Child Tax Credit in 2021, including who is eligible for the expanded credit. If you previously were eligible, based on your income in prior years, but are no longer eligible now, you might consider opting out of the advance payments, which are being sent monthly on the 15th of each month through the end of 2021.
Log into the portal by midnight (Eastern Time) on August 30 if you want the changes to kick in for the September 15 payment. The IRS expects to add a few more functions to the Child Tax Credit portal in coming months, including the ability to:
- Add or remove children in most situations;
- Report a change in marital status; or
- Report a significant change in income.