AdvertisementYou Might Consider Opting Out Of The Child Tax Credit. Here's WhyJuly 28, 2021Andrea HsufacebookEmailChildren and teachers from the KU Kids Deanwood Child Care Center complete a mural in celebration of the launch of the child tax credit on July 14 in Washington, D.C. Tens of millions of parents have received their first monthly child tax credit payment, but it might make sense to opt out of the rest of the payments and wait until next year to claim the credit in full. (Getty Images for Community Change)