Child Tax Credit Payment Tax Documentation

The IRS is mailing letters to taxpayers who received monthly advance Child Tax Credit (CTC) payments in 2021. The letters will help parents anticipate any remaining credit to be paid this year and provide a record of amounts paid in 2021. As part of the American Rescue Plan Act, half of the CTC amount that would be claimed in 2022 was automatically paid in six monthly advance installments beginning July 2021. The last payments were distributed Dec. 2021, and the temporary changes made to the CTC in response to COVID-19 expired Jan. 1, 2022.

The remaining half of the credit can be claimed by eligible taxpayers when they file their federal tax returns. Click here for the full details on Letter 6419. Contact your CPA with questions regarding the Child Tax Credit.

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