Here’s what families who got the child tax credit need to know before they file tax returns this season.
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It isn't clear why some families got letters with incorrect amounts of the advance child tax credit payments, according to the IRS, but the agency said it doesn't think it is a widespread issue. The agency also noted that married couples who are filing jointly will each receive a Letter 6419, and that the information on each needs to be combined for their joint return.If you got a Letter 6419 from the IRS with an amount that doesn't match what you've received through the advance child tax credit, there are other ways to reconcile your payments to claim the correct amount on your tax return.www.irs.
If the portal shows that the IRS sent a payment that you didn't receive, however, you'll have to go through a few extra steps to get the correct information. You should request that the IRS trace the missing payment, which can help the agency determine if it was delivered to you or returned.
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