Tax Pros Bemoan Slow Rollout of IRS Child Tax Credit Tool

June 22, 2021, 9:45 PM

The IRS plans to continue adding features to its Child Tax Credit system through the fall, but with checks starting to go out next month, the delay could complicate the situation for some families, tax professionals said.

The IRS released two tools Tuesday: the first, called the Child Tax Credit Eligibility Assistant, will help families determine if they qualify for the payments. The second tool, called the Child Tax Credit Update Portal, allows families to verify their eligibility and to opt out of the monthly payments if they would rather receive their credit as a lump sum on their ...

To read the full article log in. To learn more about a subscription click here.