July 7, 2021

2021 – 07/01

Are you eligible to receive the advance child tax credit (CTC) payments that begin July 15? Have you provided bank account information to the IRS in the past, but have switched banks since then? You should know that the IRS “Child Tax Credit Update Portal” can be used to update your bank account information with respect to the advance CTC payments. The IRS announced that families will receive their July 15 payment by direct deposit in the bank account currently on file with the IRS. Those who aren’t enrolled for direct deposit will receive a check in the mail. For more details about the credit and the portal: https://bit.ly/3hoHiQq