The IRS has updated its frequently asked questions (FAQs) on the 2021 Child Tax Credit and Advance Child Tax Credit Payments. The IRS has issued these updates to help eligible families properly claim the credit when they prepare and file their 2021 tax returns. These changes reflect that Publication 972, Child Tax Credit, has become obsolete. Taxpayers should refer to Schedule 8812, Form 1040. Schedule 8812, Form 1040, is now used to calculate child tax credits, to report advance child tax credit payments received in 2021 and to determine any additional tax owed if excess advance child tax credit payments were received during 2021. The FAQs revisions and additions are as follows:

  • 2021 Child Tax Credit and Advance Child Tax Credit Payments — Topic B: Eligibility for Advance Child Tax Credit Payments and the 2021 Child Tax Credit: Q3
  • 2021 Child Tax Credit and Advance Child Tax Credit Payments — Topic C: Calculation of the 2021 Child Tax Credit: Q1
  • 2021 Child Tax Credit and Advance Child Tax Credit Payments — Topic D: Calculation of Advance Child Tax Credit Payments: Q1

The IRS has issued these FAQs to provide general information to taxpayers and tax professionals as expeditiously as possible.