IRS discusses child tax credit and stimulus checks on 2012 taxes

WASHINGTON (WCHM) – Tax season 2022 is upon us and the IRS advises you to hear the key elements of your 2021 tax return. Whether you are filing electronically or by mail, put all your forms and documents in order; On Monday, Jan. 24, the IRS begins accepting federal tax returns.

If you received child tax credit advance payments in 2021, look for the letter 6419. This document shows how much the IRS paid in box 1. You can also find this amount on the IRS website if you have an account. Just log in and check the processed payments section for credits. According to the Taxpayer Advocate Service, an independent organization within the IRS, if you’ve received payments electronically, another way to find the amount is to search your bank account for transactions labeled CHILDCTC, as of July 2021. , from a company named “IRS TREAS 310.”

If you are using Form 1040 to report your taxes, you will need to complete Schedule 8812 “to calculate your child tax credits, to report any child tax credit advance payments you received in 2021, and to calculate any additional tax due if you received a surplus. advance child tax credit payments in 2021, ”according to the IRS.

Also, for filers who received a third economic impact payment, sometimes called a stimulus check, the IRS says it will send you the 6475 letter. Another way to check your PIE amount is to find the The 1444-C notice that the IRS says was mailed after the start of payments in March 2021. You can also refer to your bank account; again, the TAS says to search for IRS TREAS 310 with the code TAXEIP3, or to go to the IRS website and create an account if you don’t already have one.

If you’re not into depositing as early as possible, here’s some good news. Tax Day 2022 will be Monday April 18. This year’s Emancipation Day, a public holiday in Washington, DC, falls on Friday, April 15.

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