Child Tax Credit Update: A portal To Update Bank Details And Facilitate Payments
The US government has expanded the policy for the child tax credit. However, the treasury department, along with the White House officials in the US, launched a website recently so that the eligible ones can get themselves registered and apply for it.
They have created a website named GetCTC.org. The US government created it to facilitate the residents who don’t even file tax returns to get themselves registered. Non-citizens who don’t even file tax returns can claim $300 per month per child under the child tax credit.
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“Our research really shows the simpler you make the process, the more likely people are going actually successfully to make it through,” said David Newville, senior program director for tax benefits at Code for America.
If you've moved, update your address by midnight Eastern Time on October 4th to change your mailing address for your October Advance Child Tax Credit payment. Use the Child Tax Credit Update Portal to ensure #IRS has up-to-date information. https://t.co/9hcEOjoG4j pic.twitter.com/SMDVjYBFpG
— Taxpayer Advocate (@YourVoiceAtIRS) October 5, 2021
What can the Child Tax Credit Update Portal be used for?
Using the newly created portal, people can not only register themselves. Rather they can check their advanced monthly check payment status. They check the status of processed payments. Even it allows users to update their household information as well as personal information like age, income, marital status, etc. You can even edit if any recent changes took place in 2021.
The user can also update information regarding their salary, even if it is increased or decreased, to get the most benefit out of the child tax credit policy of the US government.
"Product #Review: Child tax credit update portal: Everything you can do with the IRS tools #News": https://t.co/WuAxuDXUel
— Global News Report (@robinsnewswire) October 6, 2021
How can you opt out of monthly advance checks?
There are a lot of people who want to opt-out of monthly advance checks under the child tax credit. The US government is sending reminders to all the eligible ones who have filed their tax returns for next year in 2021.
If you are one of those, then you can simply deregister yourself three days prior to next month’s first Thursday. To get yourself deregistered, you need to visit the Child Tax Credit Update Portal and choose the ‘Manage Advance Payments’ option. After that, sign in to your account and use your username and password. Then you will be able to see the option of opting out. Click on it, and BOOM!
