November Child Tax Credit: Last Chance for Parents to Sign Up for Advance Payment

by Jennifer Shea
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The Internal Revenue Service (IRS) is sending out the fifth round of child tax credit (CTC) payments on Monday, which will distribute a total of $15 billion to roughly 36 million families.

There is one more round of checks coming out this year. So parents have one more chance to sign up with the IRS for the checks. The next round goes out in December. Families will also get CTC payments when they file their taxes next year, CNBC reports.

Low-income families who haven’t gotten the advance payments because they don’t file a tax return can sign up anytime between now and Monday night, Nov. 15 to get a lump sum of $1,800 for kids under 6 and a maximum of $1,500 for kids between 6 and 17. And if they file a tax return in 2022, they can get the full value of the credit then.

How to Sign Up

To sign up with the IRS for the child tax credit, you can go to GetCTC.org. That website is the product of the joint efforts of Code for America plus the U.S. Treasury Department and the White House.

Alternately, you can go to the IRS’s website, where there’s a CTC update portal ready for use.  

The tax credit is set to expire at the end of this year. However, Democrats included a provision to extend it into 2022 as part of their $1.75 trillion Build Back Better bill.

Child Tax Credit Is Slated to Drop by Over $2,000 In a Few Years

But even with that extension, the child tax credit is slated to drop from a maximum of $3,600 per child to $1,000 per child in 2026.

A 2017 tax law passed by the Republican Congress upped the CTC from $1,000 to $2,000 through 2025. Then the American Rescue Plan, passed this March, goosed it up to $3,000 to $3,600, depending on the child’s age. The latter change lasts only through this year, per CNBC.

Still, that doesn’t necessarily mean Congress will embrace fiscal conservatism in 2026. When the CTC is about to drop back to $1,000, Congress may once again opt to pass a temporary boost.

“There’s a long history of the child tax credit being expanded temporarily, and when the deadline hits it gets extended again,” Elaine Maag, a principal research associate at the Urban-Brookings Tax Policy Center, told CNBC. “So it’s not clear to me we should assume the whole tax law will come back in.”

Outsider.com