Child tax credit 2022 – Payments worth $3,600 to impact millions of tax returns

TAX season approaches, and parents who opted out of monthly child tax credit checks in 2021 can expect the full payment of up to $3,600 per child to be included in their tax returns this year. Anyone eligible for child tax credit payments 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,… Read Full Article