IRS Reveals Child Tax Portal
The IRS has revealed the portal/website for unenrolling from the Advance Child Tax Payments. As previously posted, taxpayers may desire to opt out of receiving the advance payments for many reasons, this portal allows taxpayers to unenroll from the advances and provides other information.
Please note that if the 2019 or 2020 tax return is being used by the IRS to determine eligibility, if that return was a joint return, then both taxpayer and spouse need to unenroll for the advance payments.
The video in this blog shows how to access the portal and briefly addresses the account setup needed to access.
Also note that each taxpayer's situation is unique, so the choice to opt out of the advances should be discussed in light of that specific situation.
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