Advance Child Tax Credit payments are early payments from the IRS of 50 percent of the estimated amount of the Child Tax Credit that you may properly claim on your 2021 tax return during the 2022 tax filing season.
If the IRS has processed your 2020 tax return or 2019 tax return, these monthly payments will be made starting in July and through December 2021, based on the information contained in that return.
For more information, visit the IRS Advance Child Tax Credit Payment resource page.
Please note: If you utilized a third party to prepare your taxes and received an advance of your refund from the third party, you may experience a delay in receiving the child tax credit payments. In this case, the IRS may send the payment to the preparer to then send to the taxpayer. Make sure you’ve updated your bank account information to receive funds as quickly as possible.