The IRS on Friday issued a revised set of frequently asked questions for the 2021 Child Tax Credit and Advance Child Tax Credit.
Answers to queries in a number of areas were updated in a fact sheet.
The FAQ revisions include: general information, advance payment process of the child tax credit, updating your information, receiving advance child tax credit payments, reconciling advance child tax credit payments, unenrolling from advance payments, verifying your identity to view 2021 payments, and clarifications on shared-custody questions.
More information about reliance is available here.
This story was produced by Bloomberg Tax Automation.