Stimulus Update: Today is the Last Day to Sign Up for Your Child Tax Credit

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Americans who want to get advance monthly payments of the enhanced Child Tax Credit can still sign up Monday, Nov. 15, but it’s the last day of the year they’ll be able to.

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The fifth of six advance monthly payments for 2021 is being issued Monday as part of the American Rescue Plan. The final payment will be issued on Dec. 15. Eligible families who currently aren’t getting payments and have not filed a tax return can still get one, the IRS said on its website, but they must sign up on IRS.gov by 11:59 pm Eastern Time on Monday.

If you do sign up, you’ll typically get half of your 2021 CTC on Dec. 15. This means a payment of up to $1,800 for each child under 6, and up to $1,500 for each child ages 6 to 17. This is the same amount that most other families have been receiving in monthly payments that began in July.

Families who receive advance CTC payments this year can claim the rest of the benefit when they file their 2021 federal income tax returns. In early 2022, families will receive Letter 6419 documenting any advance payments issued to them during 2021 as well as the number of qualifying children used to calculate the advance payments.

Save for Your Future

Families that want to get a December payment by direct deposit but aren’t currently set up for it should visit the Child Tax Credit Update Portal. The change must be made by 11:59 pm Eastern Time on Nov. 29. To access the portal, visit IRS.gov/childtaxcredit2021.

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Families who are already getting monthly payments can also use the Child Tax Credit Update Portal to quickly update their accounts. The portal lets families verify their eligibility and do the following:

  • Switch from receiving a paper check to direct deposit
  • Change the account where their payment is direct deposited
  • Update their mailing address
  • Stop monthly payments
  • Reflect significant changes in their income that could potentially raise or lower their monthly payments.

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About the Author

Vance Cariaga is a London-based writer, editor and journalist who previously held staff positions at Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. His work also appeared in Charlotte Magazine, Street & Smith’s Sports Business Journal and Business North Carolina magazine. He holds a B.A. in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting earned awards from the North Carolina Press Association, the Green Eyeshade Awards and AlterNet. In addition to journalism, he has worked in banking, accounting and restaurant management. A native of North Carolina who also writes fiction, Vance’s short story, “Saint Christopher,” placed second in the 2019 Writer’s Digest Short Short Story Competition. Two of his short stories appear in With One Eye on the Cows, an anthology published by Ad Hoc Fiction in 2019. His debut novel, Voodoo Hideaway, was published in 2021 by Atmosphere Press.

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