The remaining Child Tax Credit for which they are eligible, including any monthly payments that they might not have received (for example, if they added a new qualifying child in 2021) and.The Recovery Rebate Credit to receive any remaining 2021 stimulus payments that they might not have received (for example, if they added a new child or other dependent in 2021).By filing a tax return, individuals could claim: The IRS strongly encourages individuals who are not required to file a tax return to file one this season to claim potentially thousands of dollars in tax credits. Individuals not required to file must file a tax return to claim important tax credits Taxpayers can sign into their IRS Online Account to view the total amount of the third-round Economic Impact Payment or wait to receive IRS Letter 6475. They will need the total amount of their third Economic Impact Payment to file an accurate tax return to avoid a processing delay. However, people who didn't qualify for a third payment or did not receive the full amount may be eligible for the 2021 Recovery Rebate Credit based on their 2021 tax situation. Most eligible people were already issued their third Economic Impact Payment and won't include any information about it when they file. The IRS reminds people to check this information carefully. People need this important information to accurately claim the other half of the 2021 Child Tax Credit when filing their 2021 tax return and prevent delays in processing. This letter includes the total amount of the 2021 advance Child Tax Credit payments issued and the number of qualifying children used to calculate their advance payments. New this year, the IRS sent Letter 6419, Advance Child Tax Credit Reconciliation, in January 2022 to help individuals reconcile and receive the full amount of their 2021 Child Tax Credit. If any of the information shown is inaccurate or not available, taxpayers should contact the payer right away for a correction or to ensure they have their current mailing or email address. Typically, year-end forms start arriving by mail – or are available online – in January. People who file before they receive all the proper tax reporting documents risk making a mistake that may lead to processing delays. While taxpayers should not file late, they also should not file prematurely. Additional help is available at IRS.gov or in Publication 17, Your Federal Income Tax (For Individuals). This news release is part of a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. WASHINGTON - Now that the 2022 tax season is open, the Internal Revenue Service reminds taxpayers to make sure they've got what they need before they file and to consider free resources available to help them get organized.
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