The payments are considered an advance on the CTC that you would claim for 2021. Therefore, on your tax return that you file in 2022 for the 2021 tax year, you won't get your full CTC, since you received half of it in advance.
source https://www.google.com/url?rct=j&sa=t&url=https://www.forbes.com/sites/juliejason/2021/06/26/five-facts-about-the-new-advance-child-tax-credit/&ct=ga&cd=CAIyGjJhZjcxZTMyNjk0YzRkZjQ6Y29tOmVuOlVT&usg=AFQjCNGcUouTivjul4iStfQ2LrecPJpaeg
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