JandKit
Employee Tax Expert

Deductions & credits

Hi  Amackey609,

There could be a number of reasons why the advanced payments were stopped. At this point, only the IRS knows for certain. What we do know is that you should receive a 6419 Letter from the IRS next year that will reflect the amount of advanced credit that you actually received. If you should have received ALL of the advance credit for the full 6 months, it will be reconciled on the 2021 taxes and you will receive the addition amounts not given. KEEP THIS FORM for the 2021 tax preparations!!!

There has only been the three stimulus payments issued to date. The Advance Child Tax Credit is not one of them.

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