The IRS has started sending letters to recipients of the COVID-19 stimulus check in late January. Key details about the expanded child tax credit mail that are sent have the amount of payment and the quantity of eligible children, are included in the letter, according to The Sun.
The Letter 6419 From IRS
The IRS is sending out Letter 6419, Advance Child Tax Credit Reconciliation, from late December 2021 through early January 2022 to assist taxpayers in resolving and receiving the 2021 CTC. This and any other IRS letters regarding advance CTC payments should be kept in the tax records of taxpayers. Families who have received advance payments have to prepare and submit a tax return for the year 2021, and the CTC amount they can claim for 2021 must be compared to the advance payments they received in 2021.
The information in the mail should make it much easier for people to file their taxes. Users of the CTC Update Portal on IRS.gov can check how much money they are entitled to in their accounts after receiving advance payments. Families with dependents who have not got any advance child tax credit payments can claim the full amount of the child tax credit.
Issue About The Letter
When it comes to the child tax credit, a set of new issues has emerged about the correctness of some IRS letters. The Internal Revenue Service announced that it is investigating complaints from taxpayers who claim that the IRS Letter 6419 sent to them contains an incorrect dollar amount for what families will receive in 2021, as per Detroit Free Press.
The average tax refund in 2021 will be about $2,800, making it the largest check a household receives each year. A family’s advanced CTC payments are at stake if they misstate the amount of money they received. There could be a delay in refunds for weeks or even months if there is a processing holdup at the IRS. Taxpayers who moved or changed bank accounts in December may have received erroneous letters from the IRS, the agency said, though the number is unclear.
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