---
title: You Can (And May Want to) Opt Out of the Monthly Child Tax Credit Payments
description: Those who do NOT want to receive an advance of their Child Tax Credit starting this July are now able to opt out. Here are the details you need to know.
image: https://blog.mgallp.com/hubfs/opting%20out%20of%20child%20tax%20credit.jpg
---
[](http://www.mgallp.com)
- [Client Portal](https://app.mgallp.com/)
- [Pay Your Invoice](https://mgallp.com/pay-your-invoice/)
- [What We Do](https://mgallp.com/your-problem-to-solve/)
- [Who We Help](https://mgallp.com/why-we-are-right-for-you/)
- [Insights](https://blog.mgallp.com)
- [Our Team](https://mgallp.com/our-team/)
- [Careers](https://mgallp.com/join-us/)
- [Let’s Connect](https://mgallp.com/contact-us/)
-
-
-
# **You Can (And May Want to) Opt Out of the Monthly Child Tax Credit Payments**
[](http://www.facebook.com/share.php?u=https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=You%20Can%20%28And%20May%20Want%20to%29%20Opt%20Out%20of%20the%20Monthly%20Child%20Tax%20Credit%20Payments) [](mailto:?subject=Check%20out%20https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Fblog.mgallp.com%2Fyou-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments%3Futm_medium%3Dsocial%26utm_source%3Demail)
2 min read
As part of the American Rescue Plan signed into law by President Biden back in March, families across the U.S. will begin receiving the advance monthly Child Tax Credit (CTC) starting in July. And those who do NOT want to receive an advance of their credit, for any number of reasons, can now opt out.
### **How and When to Unenroll — The Details You Need to Know**
[The IRS recently released a new online portal](https://www.irs.gov/credits-deductions/child-tax-credit-update-portal) where families can verify their eligibility, check their upcoming payments, and unenroll from the advance portions if they wish. To use the portal, you will need to have an existing IRS username or ID.me account, or you will need to enroll for one using a photo ID.
While the deadline to unenroll from the first July payment has passed, you can still opt out of the future payments that will continue through December. If you choose to do this, you will receive the entire credit as a lump sum when you file your 2021 tax return next year.
**To unenroll, you MUST opt out using the online portal linked above three days before the first Thursday of the next month. And for parents who are married and filing jointly, BOTH spouses must unenroll. **
### **Should You Consider Opting Out?**
As a quick recap, the credit was increased to $3,000 per child under the age of 17 and also gives an additional $600 benefit for children under the age of 6 for the 2021 tax year.
You should carefully consider your options, as the advance could have unintended consequences when you file your 2021 tax return next year. If you normally receive a small tax refund or have a balance due, then the advance payments could cause you to owe additional tax when you file next spring. In addition, if the advance exceeds the amount of eligible credit, you will have to pay back the excess on your 2021 return.
Some examples of people who may be negatively affected by this are those who switched to higher-paying jobs or went back to work after being unemployed for the majority of 2020. Also, those who sold a property or stock for a gain or had a significant increase in income may want to opt out.
### **FAQs from the IRS**
[The IRS released a new set of FAQs](https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-j-unenrolling-from-advance-payments) about unenrolling from the CTC advance payments. We encourage you to take a look at that for further details.
**As always, we are here to make the complex simple.**
Have questions? [Let’s talk!](https://mgallp.com/contact-us/)
---
### Stay Connected
Want to stay up to date with our latest blog posts, educational videos, webinars, and more? [**Subscribe for instant notifications**](https://blog.mgallp.com/subscribe-now-instant-notifications) and get new content delivered straight to your inbox.
Prefer a monthly roundup instead? [**Subscribe to our newsletter**](https://blog.mgallp.com/subscribe-now-monthly-newsletter) for valuable insights and resources from our team of experts, all in one place.
And be sure to [**follow us on social media**](https://blog.mgallp.com/follow-mga-on-social-media) for timely updates, expert insights, and exclusive resources to keep you in the loop.
July 9, 2021
Posted in [COVID-19](https://blog.mgallp.com/tag/covid-19)
### Recent Posts:
[](https://blog.mgallp.com/the-best-time-to-make-a-difference-through-charitable-contributions-is-right-now)
[The Best Time to Make a Difference through Charitable Contributions is Right Now](https://blog.mgallp.com/the-best-time-to-make-a-difference-through-charitable-contributions-is-right-now)
[](https://blog.mgallp.com/whats-in-the-new-covid-19-stimulus-bill-just-passed)
[What’s in the New COVID-19 Stimulus Bill Just Passed?](https://blog.mgallp.com/whats-in-the-new-covid-19-stimulus-bill-just-passed)
[](https://blog.mgallp.com/support-your-local-restaurants-business-meals-are-temporarily-100-deductible)
[Support Your Local Restaurants — Business Meals Are Temporarily 100% Deductible!](https://blog.mgallp.com/support-your-local-restaurants-business-meals-are-temporarily-100-deductible)
[](https://blog.mgallp.com/new-law-significantly-expands-the-employee-retention-credit)
[New Law Significantly Expands the Employee Retention Credit](https://blog.mgallp.com/new-law-significantly-expands-the-employee-retention-credit)
### Let's Connect
### [(713) 622-3960](tel:(713)%20622-3960)
600 N. Shepherd Drive, Suite 200
Houston, TX 77007
Miller Grossbard Advisors, LLP is an independent member firm of [PrimeGlobal](https://primeglobal.net/), an association of independent accounting firms. PrimeGlobal is one of the five largest associations of independent accounting firms in the world, providing a wide range of tools and resources to help member firms furnish superior accounting, auditing, and management services to clients around the globe.
Miller Grossbard Advisors, LLP places strong emphasis on maintaining the highest level of professional excellence. The Firm is a member of the Employee Benefit Plan Audit Quality Center. We maintain a rigorous quality control system to verify that our auditing practices follow both professional and Firm standards.
Copyright © Miller Grossbard 2026. All Rights Reserved. – [Privacy Policy](https://mgallp.com/privacy-policy/)
```json
{
"@context" : "https://schema.org",
"@type" : "BlogPosting",
"author" : {
"@type" : "Person",
"name" : "MGA Team",
"url" : "https://blog.mgallp.com/author/mga-team"
},
"dateModified" : "2026-06-17T23:16:07.138Z",
"datePublished" : "2021-07-09T17:00:00.000Z",
"headline" : "You Can (And May Want to) Opt Out of the Monthly Child Tax Credit Payments",
"image" : [ "https://blog.mgallp.com/hubfs/opting%20out%20of%20child%20tax%20credit.jpg" ],
"mainEntityOfPage" : {
"@id" : "https://blog.mgallp.com/you-can-and-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments",
"@type" : "WebPage"
},
"publisher" : {
"@type" : "Organization",
"logo" : {
"@type" : "ImageObject",
"url" : "https://blog.mgallp.com/hubfs/MGA%2035%20Logo.png"
},
"name" : "Miller Grossbard Advisors, LLP"
}
}
```