What are Advance Child Tax Credit payments?

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 Division of Revenue and Taxation has processed your 2020 tax return or 2019 tax return, these monthly payments will be made starting in August and through December 2021, based on the information contained in that return.

How do I qualify for Advance Child Tax Credit payments?

You qualify for advance Child Tax Credit payments if you have a qualifying child. Also, you — or your spouse, if married filing a joint return must have your main home in the CNMI for more than half the year.

Who is a qualifying child?

Generally, qualifying child is an individual’s dependent for more than half of the year 2021, who has not reached the age of 18 by the end of 2021, who does not provide for more than one half of their support, and who is a U.S. citizen.

When will I receive my Advance Child Tax Credit payments?

In order to receive your advance Child Tax Credit payment, you must provide the qualifying child’s date of birth to properly calculate the appropriate payment. You will begin receiving your Advance Child Tax Credit payments after you have provided this information on our portal or by submitting Form AdvCTC to the Division of Revenue and Taxation. The portal and forms will be available beginning August 2021.

What if I do not want to receive Advance Child Tax Credit payments?

Joint filers see Question 16. You can unenroll through our portal or submitting Form AdvCTC to the Division of Revenue and Taxation if you do not want to receive your advance Child Tax Credit payment. If you no longer want to receive your advance Child Tax Credit payments, you may unenroll at any time using our portal or by submitting Form AdvCTC to the Division of Revenue and Taxation.

NOTE: Unenrolling is a one-time action and you will not be able to re-enroll. Please contact the Division of Revenue and Taxation at (670)664-1040 if you experiencing any issue regarding unenrollment.

Are Advance Child Tax Credit payments taxable?

Advance Child Tax Credit will not be reported as income on your 2021 tax return. These are advance payments on your 2021 Child Tax Credit.

How much will I receive for my Advance Child Tax Credit payment?

For the tax year 2021, the Child Tax Credit is $3,600 for children ages 5 and under and $3,000 for children ages 6 through 17. You will receive 50 percent of your Child Tax Credit in advance in equal monthly payments through December 2021, unless the Child Tax Credit is subject to reduction.

How will I receive my Advance Child Tax Credit payment?

There will be two options to receive your Advance Child Tax Credit payment. You may choose a direct deposit or have a check mailed out to you. To receive your payment via direct deposit, you must provide your updated bank information through our portal or submit Form AdvCTC to the Division of Revenue and Taxation. The bank information from your previous tax return will not be used.

Do I have to pay back the Advance Child Tax Credit payments?

If your Advance Child Tax Credit payments exceed your Child Tax Credit when you file your 2021 tax return, you may need to repay that excess amount.

What if I will claim a child in 2021 that was not claimed in my 2019 tax return or 2020 tax return?

You can add a qualifying child at any time using our portal or by submitting Form AdvCTC to the Division of Revenue and Taxation. This will update the amount you receive for your Advance Child Tax Credit payment.

What if I enroll late for the Advance Child Tax Credit payment?

You will still receive 50 percent of your Child Tax Credit in equal monthly payments from the time you enroll through December 2021.

What if I want to receive credit for only one of my qualifying children?

You can remove a qualifying child you do not want to receive Advance Child Tax Credit payments for through our portal or by submitting Form AdvCTC to the Division of Revenue and Taxation.

How do I get to the portal?

You can access our update portal at https://ctcup.dof.gov.mp/

How do I log in to the portal?

You will need three elements from your 2020 tax return or your 2019 tax return if you have not filed your 2020 tax return to validate your login:

• Your name,
• Social security number, and
• Adjust Gross Income from your most recent tax return

Where is my Adjusted Gross Income (AGI) on my tax return?

Your AGI is the amount on line 8b on your 2019 tax return and line 11 on your 2020 tax return.

We are joint filers and we do not want to receive our advance Child Tax Credit payment. What do we do?

Both individuals on a joint return must unenroll in order to avoid receiving the advance Child Tax Credit payment. If only one spouse chooses to unenroll, that spouse will not receive the advance Child Tax Credit payment. The remaining spouse who did not unenroll will receive payments for their portion of the advance Child Tax Credit payment.

NOTE: Unenrolling is a one-time action and you will not be able to re-enroll. Please contact the Division of Revenue and Taxation at (670)664-1040 if you experiencing any issue regarding unenrollment.