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What to know when reporting advance Child Tax Credit

Written on Feb 1, 2022

The IRS has shared a fact sheet with tips for the Advance Child Tax Credit and filing the 2021 tax return. Tax preparers and their clients should carefully read advance CTC letter 6419: To help eligible taxpayers, the IRS sent letters (2021 Total Advance Child Tax Credit (AdvCTC) Payments) to payment recipients to help ensure tax returns are accurate. 

For additional information about advance payments, the IRS urges people to check their IRS Online Account. The Online Account includes the official figures in the IRS systems; using this number will help avoid potential processing and refund delays. Taxpayers should correctly include the amount of advance Child Tax Credit payments they received last year when filing their tax return to ensure a timely refund.