Child tax credit 2022 update – Don’t throw out IRS payment letters that’ll help parents get their money

PARENTS should keep an eye out for a letter from the IRS, and be sure not to throw out the paperwork that could help secure a child tax credit payment in 2022. Officials are mailing letters to families who received advance child tax credits throughout 2021. IRS officials said in a statement that the letters will “help taxpayers, or their tax professional, prepare their 2021 federal tax return.” Parents who did not opt-out of the checks last year will be able to claim the remaining $1,800 on their tax return. For parents who opted out of the monthly child tax… Read Full Article