The Little Income Tax Store

If you have been meaning to not receive the Advance Child Tax Credit here is your reminder. You can opt out before or on August 2nd.

⚠️Once you opt out it CAN NOT be changed❗

⚠️If you filed Married Filing Jointly BOTH spouses need to create an account and opt out❗

⚠️By opting out it does NOT mean you are giving up on the credit, it means you would rather want to wait and claim it when you file your 2021 Income Tax Rerurn....THAT'S IF YOU QUALIFY⚠️❗

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

https://sa.www4.irs.gov/secureaccess/ui/?TYPE=33554433&REALMOID=06-0005eaac-e22a-10b8-928e-7c2b0ad00000&GUID=&SMAUTHREASON=0&METHOD=GET&SMAGENTNAME=-SM-u0ktItgVFneUJDzkQ7tjvLYXyclDooCJJ7%2bjXGjg3YC5id2x9riHE98hoVgd1BBv&TARGET=-SM-http%3a%2f%2fsa%2ewww4%2eirs%2egov%2fctc%2f

⚠️I have been asked on this a lot so here it is⤵️

The Advance Child Tax Credit can be received in two ways, if you qualify:

1️⃣. Don't do anything and you will receive it automatically from July to December 2021.
2️⃣. You can opt out (unsubscribed) and claim all the credit when you file your 2021 Tax Return (except July since the opt out time frame has passed already).
🅰️. If you want to opt out you will need to make an account, send a screenshot of your driver's license or passport and identify that it is in fact you with ID.me.

I have included the link below if you choose to unsubscribed as well as two screenshot of the dependent qualifications and income limit.

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal