Maui Business

IRS Launches New Address Update Feature for Child Tax Credit Payments

Play
Listen to this Article
3 minutes
Loading Audio... Article will play after ad...
Playing in :00
A
A
A

The IRS has launched a new feature that makes changing mailing addresses quick and easy for families receiving Child Tax Credit payments. Drawing courtesy: IRS

The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to easily update their mailing address using the Child Tax Credit Update Portal, found exclusively on IRS.gov.

This feature will help any family that chooses to receive their payment by paper check avoid mailing delays or even having a check returned as undeliverable.

Any family can quickly have their September check and all future checks sent to their new address by using the portal to make an address change request. To have the change take effect in September, people need to complete the request before midnight Eastern Time on Monday, Aug. 30.

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

Families still can make changes after that date, but their request will not be effective until the next scheduled monthly payment.

If you change your mailing address using the Child Tax Credit Update Portal, the IRS will use this updated address for all future IRS correspondence so the address change feature can also be helpful to taxpayers that are receiving payments by direct deposit.

For example, the IRS will mail a year-end summary statement (Letter 6419) to all taxpayers who have received advance Child Tax Credit payments during 2021, and having a current address on file with the IRS will ensure prompt delivery of this statement.

ARTICLE CONTINUES BELOW AD

Families will need Letter 6419 to quickly and accurately fill out their 2021 federal income tax return next year. This is important because, for most families, the advance payments they are receiving during 2021 cover only half of the total credit. They will claim the remaining portion on their 2021 tax return.

The address change feature joins a growing set of services available through the Child Tax Credit Update Portal. Available only on IRS.gov, the portal already allows families to verify their eligibility for the payments and then, if they choose to:

  • Switch from receiving a paper check to direct deposit
  • Change the account where their payment is direct deposited
  • Stop monthly payments for the rest of 2021

Any of these changes made before midnight ET on Aug. 30, will apply to the Sept. 15 payment and all subsequent monthly payments, scheduled for Oct. 15, Nov. 15 and Dec. 15.

ARTICLE CONTINUES BELOW AD

Future enhancements are planned for the Child Tax Credit Portal

Later this year, families also will be able to use the Update Portal tool to:

  • Add or remove children in most situations
  • Report a change in marital status
  • Report a significant change in income

Latest information for the Child Tax Credit payments on IRS.gov

The IRS has created a special Advance Child Tax Credit 2021 page designed to provide the most up-to-date information about the credit and the advance payments. It’s at IRS.gov/childtaxcredit2021.

The web page now features an updated set of frequently asked questions and a new user guide for the Child Tax Credit Update Portal (Publication 5549). It also provides direct links to the portal and two other online tools: the Non-Filer Sign Up Tool and the Child Tax Credit Eligibility Assistant.

ADVERTISEMENT

Sponsored Content

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Cancel
×

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments