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Child Tax Credit: This IRS Letter Is Vital To Get The Rest Of Your Money

The expanded child tax credit of 2021 payments has now ended. The expanded child tax credit of 2021 comprises six-monthly advance payments through the second half of the year reports Therefore, it is now time for parents to claim the remaining child tax credit money when filing their 2021 taxes.

Half Of The Expanded Child Tax Credit Money Remains To Be Paid

For getting your total tax credit, remain alert for a specific IRS notice in the mail — Letter 6419, 2021 advance CTC. The IRS started mailing these letters at the end of December 2021 and sent more throughout January. The note is critical when you file your 2021 taxes.

However, be warned that some of these letters could have incomplete or incorrect information as per IRS. The IRS stated that those taxpayers who have moved or shifted their Bank accounts in December could face problems. The IRS suggests that they log into their online IRS account to confirm their details. The agency stressed that the IRS website has accurate child tax credit payments.

IRS Letter 6419 Will Help You Get It

Letter 6419 is critical because it contains information to help you prepare your taxes. For example, it reveals how much child tax credit you received in 2021 and the number of qualifying dependents used to calculate your total amount.

You will have to cross-check the information to ensure that the data is correct. For example, if you had a new arrival in your family since you last filed your taxes, the IRS wouldn’t have counted that dependent when determining how much money you’re eligible for. Therefore, you’ll need to ensure your information is updated when you file your tax return.

If the US citizen has not received any notice from IRS, keep an eye on your mailbox because the IRS is still dispatching letters. Also, if you have recently moved out, there could be a problem because the IRS does not know your present address.

If you do not receive the letter by the time of making your tax returns, you can use the online child tax credit portals to confirm your information or contact the IRS directly via mail or by phone at 800-829-1040. If you contact the IRS via mail, expect to wait at least 30 days to respond.

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