Congratulations! This first advance payment for the Expanded Child Tax Credit will automatically be deposited into your account or mailed out in less than three weeks if you are one of the millions of. But that doesn’t necessarily mean there is nothing to be done before that money arrives on July 15th. are open to help you verify your eligibility, sign up for the tax credit if you are or monthly payments.
But first, you’ll need to have an account with the IRS – and that means creating a brand new ID.me account. An IRS account will bring you important benefits this summer: it will allow you to update the IRS onso you will receive the correct amount of money. You will also be able to update the tax agency with your banking information and mailing address so that you can receive your payments in the right place.
We will walk you through how to create an ID.me account below and give you the details on how to opt out of the 2021 Prepayment Program. To find out more, here’s how to calculate your estimated total., How? ‘Or’ What and if you receive payments this year.
Why an ID.me account is important for child tax credit money
ID.me is an online tool used by the IRS, the Treasury Department, the Social Security Administration, and other government agencies to verify your identification. Once you’ve been verified on a site that uses ID.me, you can use the same login details on any other site that uses the secure login service.
Currently, the IRS uses ID.me only for its child tax credit tools. If you don’t want to collect the Child Tax Credit advance payments this year and prefer to receive a large payment next year (you may want), you will need this account with the IRS to do so. If you already have an IRS account and username, you can use them instead.
How to create an ID.me account
Before you begin, you’ll want to gather a handful of things, including your Social Security number, some photo ID – like a driver’s license or passport – and a phone or computer with a camera.
1. Head to the Child Tax Credit Update Portal and press the blue button, Unsubscribe from advance payments. On the next page, press the button marked ID.me Create an account.
2. Now enter your email address and choose a password, then tap Create an account.
3. Learn more about the ID.me service and press Carry on.
4. ID.me will ask you to confirm your email address and give you the option to configure– an additional step that you can take to prove that it is you who is making the request and not someone else who is trying to access your account.
5. Then upload a photo of your photo ID. Then take and upload a selfie using your phone or computer camera. If you want to use your phone, ID.me will send a text message with a link to take and submit your photos.
6. Once you’ve uploaded your images, you enter your social security number and confirm the other information you’ve entered. When you are ready, click Carry on.
7. ID.me will send you an SMS confirming that you want to create an account. If you want to continue, click Authorize and continue to the ID.me page to send your verification to the IRS.
If ID.me is unable to verify you, you will be given the option to make a video call with a “trusted arbiter” to complete your verification.
Here isand for payments. For more financial benefits this year, here’s how to save money on and .