Child Tax Credit: IRS Revamps Website to Update Address, Other Changes Before September Payment | The Independent Verde
COTTONWOOD – The Internal Revenue Service has launched a new feature that allows any family receiving monthly child tax credit payments to quickly and easily update their mailing address using the Credit Update Portal. Child Tax, available exclusively on IRS.gov, according to a press release.
This functionality of the website will help any family who chooses to receive their payment by paper check to avoid mailing delays or even the return of a check as undeliverable.
“Any family can easily have their September check and all future checks sent to their new address by using the portal to request a change of address,” a press release said.
For the change to take effect in September, people must complete the application by 9 p.m. on Monday, August 30. Families can still make changes after this date, but their request will not be effective until the next scheduled monthly payment.
If you change your mailing address using the Child Tax Credit Update Portal, the IRS will use that updated address for all future IRS correspondence, so the change function address can also be useful to taxpayers who receive direct deposit payments.
For example, the IRS will send a year-end summary statement (letter 6419) to all taxpayers who received child tax credit advance payments in 2021, and having a current address registered with of the IRS will ensure prompt delivery of this statement.
“Families will need Letter 6419 to quickly and accurately complete their 2021 federal income tax return next year. This is important because, for most families, the advances they receive in 2021 only cover half of the total credit. They will claim the remaining portion on their 2021 tax return, ”a press release said.
The Change of Address feature joins a growing set of services available through the Child Tax Credit Update Portal. Available only on IRS.gov, the portal already allows families to verify their eligibility for payments, and then, if they choose to:
Go from receiving a paper check to direct deposit;
Change the account where their payment is deposited directly; Where
Stop monthly payments for the rest of 2021.
Any changes made before 9 p.m. on August 30 will apply to the September 15 payment and all subsequent monthly payments scheduled for October 15, November 15 and December 15.
Future improvements are planned for the Child Tax Credit portal:
Add or remove children in most situations;
Report a change in marital status; Where
Report a significant change in income.
The IRS has created a special 2021 Child Advance Tax Credit page designed to provide the most recent information on the credit and prepayments. It’s on IRS.gov/childtaxcredit2021.
The website now features an updated Frequently Asked Questions and a new user guide for the Child Tax Credit Update Portal (Publication 5549). It also provides direct links to the portal, as well as two other online tools, the Non-Filer Registration Tool and Child Tax Credit Eligibility Wizard, and other helpful resources.
Information provided by the Internal Revenue Service.