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IRS: Child tax credit explained

In 2021 millions of families were able to benefit from advanced child tax credit payments which helped many out of child poverty. Here’s how they impact IRS tax returns.

tax forms for submitting to the IRS to receive refunds like the child tax credit

Under the American Rescue Plan, six advanced payments went out to qualifying parents.

The credit was expanded to $3,600 per child under age 6 and $3,000 per child ages 6-17.

Parents with kids under 6 saw up to $300 per month from July through Dec.

Parents with kids ages 6-17 saw up to $250 per month.

These payments lifted some burdens off parents shoulders including groceries, daycare, and other expenses incurred from having children.


IRS: Where is my Letter 6419 or 6475 from the IRS?

Claiming the child tax credit from the IRS in 2022

In order to get the rest of the payment, you need to claim it on your tax return.

To avoid processing delays, you need to be sure you claim the remaining amount you’re entitled to.

The IRS sent letters called Letter 6419 that detail child tax credit amounts specific to you.

You’ll then complete Schedule 8812 to get the rest of the payment on your return.


Stimulus check: Areas giving payments

Who can claim the full amount from the IRS?

Not everyone received advanced payments, and the IRS may not have sent non-filers anything.

These people can see the full $3,000 or $3,600 in their refunds this year.

You may file your taxes any day before April 18, 2022.


IRS: Some surprised to find they owe taxes for 2021

When will parents get the child tax credit?

Parents were receiving partial payments between July and Dec. 2021.

The remainder will be part of your refund.

You have the ability to claim other expenses as well, like the child and dependent tax credit.

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