We hope you had a great holiday weekend. We wanted to send a little reminder about the Advanced Child Tax Credit as we roll into the end of 2021.
When we file your 2021 tax return, we will need to know the exact amount you received in Advanced Child Tax Credit Payments (the monthly payments eligible people with dependents have been receiving since July). As it is an "Advance", it will affect how much Child Tax Credit is available to you on your 2021 income tax return. Just like the stimulus checks last year, any mistake in the amount listed on the tax return will most likely cause delays in processing and refunds, so it will be very important to know the exact amounts received.
NOTE: some people STILL have not received their 2020 refunds due to such delays/mistakes, so we really need your help reporting accurate information on your upcoming return for both the Advanced Child Tax Credit Payments AND the 3rd stimulus payment.
The easiest way to verify your payments is by registering for an IRS account here to Manage Advanced Payments.
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