Frequently Asked Questions
What if my information has changed since I filed my taxes?
There is an online portal (coming soon) to update your information if you’ve moved, have a new bank or things have changed.
What if I don’t want to receive the monthly payments and want the whole credit at tax time?
Families will have the opportunity to opt-out of monthly payments and receive their credit when you file your 2021 taxes next year. A separate portal will be available to make these changes. More information will be available soon.
Are there income limits?
Yes. The credit increase is reduced for higher incomes. The increased amounts are reduced for incomes over $150,000 for married taxpayers filing a joint return and qualifying widows or widowers, $112,500 for heads of household, and $75,000 for all other taxpayers.
What if I didn’t file my taxes in 2019 or 2020? Am I still eligible?
Yes! One of the online portals will allow folks who did not file to submit their information to the IRS.
My child doesn’t have a Social Security Number (SSN), do I still qualify for the CTC?
Unfortunately, no. Your child has to have a SSN for you to qualify for the CTC.
My child has an SSN but I have a Taxpayer Identification Number (ITIN), do I still qualify for the CTC?
Yes! As long as your child has a SSN, you may qualify for the CTC.