You will need this IRS letter if you want your child to receive a tax credit this year

You will need this IRS letter if you want your child to receive a tax credit this year

Six child tax credit payments were disbursed last year by the IRS, and now it’s almost time for another large chunk of change to be paid out. When you file your 2021 tax return this year, you’ll get the rest of your money with your tax refund. But you need to be on the lookout for a letter from the IRS with important information about your child tax credit.

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  • Angela Lang/CNET

  • The IRS began mailing the first of those letters out in late December and said more would be on the way throughout January. The agency is urging you to hold on to the notice as you’ll need it when you file your taxes.

We’ll explain 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.

Child tax credit: Everything we know

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What’s included in the IRS letter?

The IRS letter — called Letter 6419 — has important information that can help you when you prepare your taxes. The notice will show how much child tax credit money you received in 2021 and the number of qualifying dependents used to calculate your total amount.  You’ll need to cross-check the information to make sure it’s still correct. For example, if you had a baby since you last filed your taxes, the IRS wouldn’t have counted that dependent when determining how much money you’re eligible for. Therefore, you’ll need to make sure your information is updated when you file your tax return.

What if you don’t get a letter? If you haven’t received a letter yet, keep an eye on your mailbox because the IRS is still working to send them out. However, if you still haven’t received a notice by the time you’re ready to file your taxes, there could be an issue — for instance, maybe you moved and the agency doesn’t have your current mailing address yet. 

At this time, it’s unclear if this letter will be accessible in the child tax credit portals on the IRS website, but we’ll update this as we learn more information. The amount of child tax credit money you get depends on a number of things.

So if you were eligible for the full amount and opted out of the payments, you could get up to $3,600 with your tax refund. However, if you received all six payments in 2021, you could get up to $1,800.  If you’re still waiting on a payment to arrive due to an IRS error, that should also arrive with your tax refund. 

The amount of child tax credit money you receive with your tax refund depends on a number of things. For instance, if you opted out of receiving the monthly payments last year, the amount of money you get will be larger than someone who received every check. The monthly checks were for up to $300 for children 5 and younger, and up to $250 for kids 6 and older. Sarah Tew/CNET
How much child tax credit money you could get with your tax refund

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