 Internal Revenue Service IRS Tax News. IRS revises 2021 Child Tax Credit and Advanced Child Tax Credit frequently asked questions. Hopefully finally answering the question on every parent's mind. How much can I cash this kid in for? What's that IRS? You pay more for girls these days. Well, yeah, he actually is a girl if that's worth more to you. I mean, one time he ate a cupcake with pink frosting on it and he liked it. Even though the frosting wasn't like blue or anything like that. So yeah, what's the IRS is going right for girls these days? I'm just kidding. There's not a different rate or anything, but here we go. IR 2022-108, May 20, 2022, Washington, DC. The IRS today issued a revised set of frequently asked questions for the 2021 Child Tax Credit. These frequently asked questions, FAQs, otherwise known as are released to the public in fact sheet 2022-29. There's a link to that here on May 20, 2022. The FAQs, otherwise known as frequently asked questions, revisions are as follows. Topic A, general information updated frequently asked questions. A bunch of stuff's been updated in Topic A. So you could take a look at that. Topic E, advanced payment process of the Child Tax Credit updated questions two and three. And obviously the Child Tax Credit has this advanced component to it. And these are where the laws have been fluctuating and changing a lot over the last, you know, couple of years or so and may change going forward. So now we want to think about how can we get the taxes appropriately done for 2021? If that's been done, now we're going to think about going forward and you want to be thinking about what's going to happen next year in terms of these kind of significant credits and tax code for many people. So Topic F, updated in your Child Tax Credit information during 2021. Removed questions one, two and updated three and four. Topic G, receiving advanced child tax credit payments, updated questions. Topic H, reconciling your advanced child tax credit payment on your 2021 tax return. Updated questions two, one, two, nine and remove 10. And then Topic J, unenrolling from advanced payments. Updated question one and removed a bunch of questions. Topic K, verifying your identity to view your payment 2021 Child Tax Credit. And they updated a bunch of questions there. And then Topic L, you got the commonly asked shared custody questions updated one and two. So you might want to go to those frequently asked questions if you're kind of digging into these child tax credit questions going forward. More information about them and the reliance is available. There's a link to that here. You can go to the frequently asked questions. There's links to those items here. There'll be a link to this in the description.