Ratliff Accounting

Confused about the Advance Child Tax Credit payments? You are not alone. We have lots of clients asking if they should opt out. Or if it is too late to opt out. It is too late to opt out of the July payment. The good news though is it is NOT too late to opt out of the remaining five payments (Aug - Dec). By following the link provided below, you will access the IRS website and can register for the Child Tax portal where you may manage your payments, including opting out. (see section entitled MANAGE PAYMENTS)

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.