That means it’s almost time for you to get the rest of your child tax credit money. Parents who didn’t opt out of advance payments received half of their money in 2021. Those parents and those who unenrolled from advance payments can both receive their remaining expanded child tax credit money after filing their 2021 taxes.
To ensure you get that money, you’ll need to be on the lookout for a specific letter from the IRS with important information about your child tax credit. The IRS started mailing copies of Letter 6419 in late December and will continue to send more letters throughout January. The agency is urging you to hold on to the notice as you’ll need it when you file your 2021 taxes.
We’ll tell you what the letter contains and why you shouldn’t throw it away. For more information, here’s everything to know about the upcoming child tax credit payment. Also, here’s what to do if you’re having issues with a missing payment.