TSCPA News

IRS Revises 2021 Child Tax Credit and Advance Child Tax Credit FAQs

May 20, 2022

The IRS recently issued a revised set of frequently asked questions (FAQs) for the 2021 Child Tax Credit and advance Child Tax Credit.

The revisions cover the following topics:

  • Topic A: General Information: Updated questions 1, 2, 3, 4, 5, 8, 9, 10, 11, 13, 14, 15, 16
  • Topic E: Advance Payment Process of the Child Tax Credit: Updated questions 2, 3
  • Topic F: Updating Your Child Tax Credit Information During 2021: Removed questions 1, 2 and updated 3, 4
  • Topic G: Receiving Advance Child Tax Credit Payments: Updated questions 1, 6, 7, 9, 10, 11
  • Topic H: Reconciling Your Advance Child Tax Credit Payments on Your 2021 Tax Return: Updated questions 1, 2, 9 and removed 10
  • Topic J: Unenrolling from Advance Payments: Updated question 1 and removed 2, 3, 4, 5, 6, 7
  • Topic K: Verifying Your Identity to View your Online Account: Updated questions 2, 3, 5, 6 and removed 7
  • Topic L: Commonly Asked Shared-Custody Questions: Updated questions 1 and 2

These FAQs are released to the public in Fact Sheet 2022-29.