The Form 6419 is for the the Advanced Child Tax Credit which must be reported on your 2021 tax return if you have qualifying children. You need the amount to show on your return.
You need both letters when filing your return as you will enter both amounts to be added to your tax return. This letter will have the total amount of advance Child Tax Credit payments you received from July 2021 to December 2021, and you will need that number when you file your taxes. Why? The IRS will use this number to help reconcile your advance Child Tax Credit payments – basically to make sure you got the right amount. If you should have gotten higher CTC monthly payments, you will get that additional money as part of your refund. If you received too much in CTC payments, you may owe that money back at tax time.
If you know how much you received for the Advanced Child Tax Credit then you can enter the amount. Compute from July 2021 through December 31 2020.
This letter contains helpful information for preparing tax returns. Taxpayers who received advance payments can also check amounts using the CTC Update Portal and Online Account on IRS.gov.
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