Just saw that the IRS portal is now live for anybody who wants to unenroll. I don't see an option to modify/update your income or # of dependents yet.
Looks like you'll be able to unenroll on a rolling basis, but there's a note at the bottom of the page: "To stop advance payments, you must unenroll 3 days before the first Thursday of next month by 11:59 p.m. Eastern Time."
https://www.irs.gov/credits-deductions/child-tax-credit-update-portal
Edit: The FAQ has some very important notes - https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-j-unenrolling-from-advance-payments
1) You can only unenroll. There is no re-enroll until September 2021
2) If you're Married Filing Jointly, both you and your spouse must unenroll. If only one does, you'll get half the amount.
Submitted June 24, 2021 at 10:07AM by FuzzyMistborn https://ift.tt/3j5W3dn
