Watch out for this important IRS child tax credit letter in the mail that’s critical to get your tax refund

IRS bosses are urging taxpayers to not throw away an important letter that may assist them full their tax returns.

Most Individuals that bought advance baby tax credit score funds final yr could have already obtained Letter 6419.

Taxpayers that obtained advance baby tax credit should not throw away a key letter from the IRS that may assist them full their tax returnsCredit score: Getty

Taxpayers shouldn’t throw away the doc and hold it close to their different paperwork reminiscent of their W-2 types.

Letter 6419 is a black-and-white letter, issued by the Division of Treasury and Inside Income Service, USA Right this moment reveals.

It has a field that states: “2021 Whole Advance Little one Tax Credit score (AdvCTC) Funds.”

One field tells Individuals how a lot they obtained as a part of the advance baby tax credit score scheme, whereas the second will record the variety of qualifying youngsters taken under consideration when funds had been issued.

And the doc warns Individuals: “Preserve this essential tax data. You want it to organize your 2021 earnings tax return.”

Thousands and thousands of households ought to’ve obtained Letter 6419 after the IRS began mailing it out in December.

Mother and father will obtain totally different quantities for kids below six, and dependents between the ages of six-17.

Households with children below six obtained as much as $1,800 per baby as a part of the advance tax credit score program.

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If the letter hasn’t arrived, mother and father could wish to wait earlier than they file their tax returns.

Individuals that wish to submit their tax returns as quickly as attainable can verify their baby tax credit score standing utilizing the IRS’ Little one Tax Credit score Replace Portal.

Couples that file joint returns will obtain two letters from the IRS, in response to April Walker, the lead supervisor for tax follow and ethics with the American Institute of Licensed Public Accountants.

If Individuals lose the letter, then it’s probably they may face delays when tax returns are processed and refunds issued.

Thousands and thousands of taxpayers can submit their returns from right this moment, January 24.

CHECK YOUR MAIL

The IRS says greater than a 160million particular person returns for the 2021 tax yr are anticipated to be submitted.

Days earlier than the tax season began, the IRS issued a sequence of prime suggestions to assist Individuals.

Officers advisable that Individuals ought to file their paperwork electronically and select the direct deposit possibility to allow them to get an correct tax return.

Individuals are inspired to make use of the software program e-file which helps taxpayers keep away from making errors.

A query and reply type helps taxpayers by each step of their tax return when it's being accomplished.

Individuals must also use on-line sources earlier than phoning the IRS.

On-line instruments can be found 24 hours a day and there's no wait time for an appointment.

The IRS says that telephone demand on traces stays excessive and callers might face being delayed on the decision.

Individuals can go to IRS.gov. the place they will verify refund statuses, or get solutions to tax-related questions.

There are additionally free sources to assist Individuals file their tax returns.

Some suppliers make their tax-filing merchandise free as a part of a 20-year partnership with the IRS.

The software program Free File is out there to any particular person or household who earned $73,000 or much less in 2021.