Category Archives: Child Tax Credit

Find the latest updates and information about the Child Tax Credit Act here!

What is IRS Letter 6419 and why does it matter before you file taxes?

Child tax credit recipients need to be on the lookout for this letter from the IRS, which has started arriving in mailboxes. A letter from the IRS telling millions of American parents how much advance money they received from the 2021 child tax credit has started arriving in mailboxes. The information is meant to help with their…

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments

The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax returns. This extensive FAQ update (FS-2022-03) PDF includes multiple streamlined questions for use by taxpayers and tax professionals and is being issued…

IRS updates 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions

The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments to describe how taxpayers can now provide the IRS an estimate of your 2021 income using the Child Tax Credit Update Portal (CTC UP). These FAQs update the Advance Child Tax Credit Topic A FAQs by adding a new question,…

How does a taxpayer’s custody situation affect their advance child tax credit payments?

As many taxpayers with children likely already know, there were some changes made to the child tax credit for 2021. Most notably, part of the credit was delivered to eligible taxpayers in advance of the 2022 tax season in monthly installments (starting July 15, 2021) for those taxpayers who did not opt-out. Additionally, the credit…

Related Posts