The IRS and tax preparers are expecting headaches. Here's what you need to know.
If you fall into the child tax credit group, the IRS will be sending you
, which will include the total amount of advance Child Tax Credit payments you got in 2021 and the number of qualifying children used to calculate these payments., which will let you know if you are entitled to and should claim the Recovery Rebate Credit on your tax return.“When the taxpayer receives that letter, I would recommend holding on to that letter.
She also noted you should look out for any state or local letters regarding tax information, such as the Golden State stimulus payment in California.double-check your bank statements to find the exact amounts of any payments, or if you have an2. Avoid filing or getting a return by paper, and sign up for direct deposit.Even the IRS agrees that filing or receiving a return or refund by paper is not recommended.
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