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Susan Tompor: Child tax credit money a no show in January; look for IRS letter instead

Susan Tompor, Detroit Free Press on

Published in Business News

"If after checking the portal the taxpayer still feels that the Letter 6419 is in error, they could then contact the IRS," Luscombe said.

Why you can't ignore the child tax credit

More money could be sitting on the table — and that's why it's essential to file a 2021 income tax return.

You're going to need to claim the other half of what could be owed by filing a 1040 return and reconcile amounts already received with what's owed to you.

Some families whose income rose in 2021 might not qualify for any more money now based on their income. But others will qualify for more money from the child tax credit.

Like last year, the IRS said, some individuals will need to file tax returns even though they are not required to file because of a low income.

 

You could be getting two IRS letters

Those who received the child tax credit — and a third stimulus check in early 2021 — would get two different letters in the mail.

In late January, the IRS is expected to begin issuing what's called Letter 6475 for those who received the third Economic Impact Payment.

The third stimulus payment was sent to millions of taxpayers beginning in March 2021.

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