![child-tax-credit-budget-1.jpg](https://assets2.cbsnewsstatic.com/hub/i/r/2021/07/09/8924a696-bcaf-428d-a287-ea50b55d3fc7/thumbnail/640x360/dba6b08c8d099062065deccc5fa95cb3/child-tax-credit-budget-1.jpg?v=57e8061b2038d609da26e467de5ddfb8#)
Child Tax Credit Update: Here's How You Opt Out Of Advance Monthly Payments
With Child Tax Credit due to start soon, many parents are wondering if they should opt out of monthly checks in favor of a lump-sum payment.
Watch CBS News
With Child Tax Credit due to start soon, many parents are wondering if they should opt out of monthly checks in favor of a lump-sum payment.
The updated Child Tax Credit, like a stimulus check for families, may provide some relief to parents struggling with the costs or raising children.
The Child Tax Credit Update Portal lets users check to see if they're registered, opt out of advance payments and add or modify bank account information for direct deposit.
The IRS will soon sent out millions of monthly Child Tax Credit checks to families, but a program this big comes with many challenges.
The revised Child Tax Credit will give parents up to $300 per month per kid, which will make life easier for millions of families.
The Internal Revenue Service is hoping to reach millions more low-income families as it starts to roll out the massive expansion of the child tax credit this week.
An estimated 36 million families nationwide will benefit from the largest child tax credit ever.
The updated Child Tax Credit, as part of the most recent stimulus package, is scheduled to start in July, with millions of parents eligible for monthly payments.
The revised Child Tax Credit, as part of the American Rescue Plan, increases the amount of money paid to parents and changes its implementation.
About 36 million American families on July 15 will start receiving monthly checks from the IRS, as part of the expanded Child Tax Credit.
The IRS is sending letters to more than 36 million families who may qualify for monthly payments under the federal Child Tax Credit.
Millions of middle and low income families across the country will start receiving monthly payments beginning in mid-July as part of the new, fully refundable child tax credit.
Raising a child is very expensive, but the expanded Child Tax Credit is about to give parents some more money to help.
The revised Child Tax Credit will make raising children cheaper for millions of Americans, but the program may not launch by July 1, as stipulated in the new stimulus package.
Raising a child is very expensive, but the expanded child tax credit is about to give parents some more money to help.
Democrats are reportedly drafting a plan to expand the Child Tax Credit, which could lead to monthly payments for millions of the neediest Americans.
Republican Marco Rubio's potential defection over a tax credit for low-income parents put a speed bump into GOP leaders' drive to push their big tax package through the Senate.
Taxpayers who like to file early to get a quick turnaround of a refund may be disappointed this tax season. In its effort to battle fraud, the IRS has a new strategy.
Mitt Romney, if you want to talk about mooches and freeloaders that take advantage of the system then grow a spine and show America your tax returns. Let's see what you really pay as a percentage. Let's see what deductions you take. Let's see how addicted to federal benefits you are.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
Canada's Hudson Bay, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus, according to a report.
Another heat advisory is in effect Thursday due to dew point temperatures being in the low 70s, meaning temperatures will feel like 107 to 109 degrees.
Fireworks can make dogs feel anxious and scared. Veterinarians from around the country explain why and share advice for protecting your pets and keeping them calm on the Fourth of July.
Dallas police say three suspects ran out of an illegal game room, where they were confronted by officers.
A trio of triple-digit highs have kicked off July. In all, there have been five such days so far this summer.
Canada's Hudson Bay, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus, according to a report.
Another heat advisory is in effect Thursday due to dew point temperatures being in the low 70s, meaning temperatures will feel like 107 to 109 degrees.
Fireworks can make dogs feel anxious and scared. Veterinarians from around the country explain why and share advice for protecting your pets and keeping them calm on the Fourth of July.
Dallas police say three suspects ran out of an illegal game room, where they were confronted by officers.
A trio of triple-digit highs have kicked off July. In all, there have been five such days so far this summer.
The judge cited the company's cruel treatment of the animals for, "unreasonably depriving the animals of necessary care or shelter."
Thousands of items disappeared from the DeSoto Police Department evidence room, an internal audit found.
When 72-year-old Tom England received his Medicare statement in the mail, he immediately sensed something was wrong.
Jeremiah Cottle is selling all the intellectual property rights for the manufacture of bump stocks.
In 2017, investigators found bump stocks attached to the guns used in the 2017 Las Vegas mass shooting, which killed 58 people - the deadliest mass shooting in U.S. history.
Following debate, age factors in, and race shifts in Trump's direction after the first 2024 presidential debate.
President Biden met with Democratic governors on Wednesday amid concerns over his debate performance last week.
A New York court said in a decision that Rudy Giuliani is disbarred effective immediately.
Measure would protect an estimated 36 million and represent first major federal safety standard of its kind.
The Supreme Court on Tuesday said it will consider a challenge to a Texas law that requires pornographic websites to verify the ages of their visitors.
Richardson residents continue to recover from storms that hit North Texas with winds that created debris and damages to homes.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
Over the past several months, the CBS News Texas I-Team has reported on solar panel horror stories. This time, we set out to find a success story.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
A case of H5 influenza, also known as bird flu or avian influenza, has been confirmed in a man who was working at a dairy farm in northeastern Colorado.
Trader Joe's says a seasonal scented favorite should be discarded or returned due to an "unexpected burn pattern."
The FDA found even some products that claimed to be "sterile" were contaminated.
Brominated vegetable oil will no longer be allowed in food and beverages in the U.S., 50 years after chemical banned in U.K.
FDA approval of the new Alzheimer's treatment, which will be branded as Kisunla, follows years of setbacks.
If you're not one of the millions of people traveling for the holiday, here's where you can go to shop and eat.
Change is coming to the Fort Worth Stockyards in the form of a billion-dollar development project.
In a letter to Southwest's board, the investment firm complained that Southwest's stock price has dropped more than 50% in the last three years.
"Bad Boys: Ride or Die" opened with an estimated $56 million in theater sales over the weekend.
TXSE Group aims to launch by 2026.
The Texas Rangers ended their 11-game losing streak to the San Diego Padres with a 7-0 win on Tuesday night.
The Dallas Wings were coming off their best season since moving to Texas eight years ago, and their most wins since the franchise's last WNBA title in 2008.
Beloved Golden State Warriors guard and legendary Splash Brother Klay Thompson will be headed to Dallas as part of a multi-team sign-and-trade deal, according to reports.
Bye-bye Big 12, hello SEC. The move becomes official today, after 3 years in the making.
Texas rookie Wyatt Langford became the first major leaguer to hit for the cycle this season, and the Rangers routed the Baltimore Orioles 11-2 to snap a six-game skid.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The Oscar-winning actor and director spoke with CBS News Texas ahead of the release of his passion project.
The original 1997 illustration for the front of the first Harry Potter book has set a record for Potter-themed memorabilia on the auction block.
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
In 1999, a series about a New Jersey crime family premiered on HBO; it would change television. Series creator David Chase, and stars Edie Falco, Steven Van Zandt, Michael Imperioli and Steve Schirripa, discuss the personal and cultural impact of "The Sopranos."
The heat advisory goes away Friday thanks to a rare July cold front that will move in later tonight.
The Hill Country Fare brand mustard potato salad is being recalled due to conerns of plastic in the container.
Dallas police are investigating an officer-involved shooting Thursday morning.
Remember to keep your pets inside as fireworks blast off.
Cooler temperatures return this weekend.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
A storm chaser not only captured a massive tornado touching down in Hawley, Texas on Thursday but ended up rescuing a family of four whose home was destroyed by it.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!