IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?

IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?

The IRS recently added a new address change feature to the 2021 Child Tax Credit (CTC) Update Portal (link below). This tool allows families who are receiving advance payments of the 2021 CTC to update the mailing address that the IRS has on file. It is especially important for families who get their advance CTC payments by paper check to update their address information. Otherwise, checks may be delayed or even returned to the IRS by the post office.

Households that receive their advance payments by direct deposit should also use the portal to report mailing address changes as soon as possible. The IRS will use the updated address information to mail important tax documents, including Letter 6419 in January. If you receive advance CTC payments, you will need this letter to complete your 2021 tax return and claim any remaining credit amount you are owed. For many taxpayers, the advance payments will only total about 50% of their allowed credit.

You can also use the 2021 Child Tax Credit Update Portal to switch from paper check to direct deposit payments, change your direct deposit account information or opt out of advance payments for the rest of the year. The IRS will take changes reported by August 30 into account for the round of payments being sent on September 15. Changes reported after that date will affect the October 15, November 15 and/or December 15 payments.

IRS Child Tax Credit Update Portal: https://www.irs.gov/credit…/child-tax-credit-update-portal