How payments could affect your tax return and the crucial IRS letter to keep hold of

FAMILIES who received advance child tax credit payments must file a 2021 tax return, and they must do so correctly to reduce the risk of owing hundreds of dollars. Families must compare the advance child tax credit payments they received in 2021 with the amount of the CTC they can properly claim on their 2021 tax return. To help with this, the IRS has warned not to throw out letter 6419, which includes crucial information needed to file your taxes and receive your tax returns. The letter will help as you prepare your taxes and will reduce your risk of… Read Full Article