Don’t Lose IRS Letter 6419 If You Intend to Claim Child Tax Credit This Year: American parents who qualified for extended Child Tax Credit payments last year should have received monthly payments between July and December. The extended credit was approved for one year, and the remaining six months will be paid in a single tax rebate this year.
To receive that payment this year, you’ll need IRS Letter 6419.
What’s the Child Tax Credit Letter?
The IRS started sending out Letter 6419 to families claiming Child Tax Credit in late December last year. If you haven’t received your letter yet, it could still be on its way to you.
In the letter you’ll find information about the number of dependents you had in 2021, which determined the amount in Child Tax Credit payments you received. You will first need to ensure that all the information is accurate, before using the letter to file your 2021 taxes.
The letter also contains helpful information for people preparing their tax returns, and the IRS recommends that taxpayers who were eligible last year but did not receive the payments can claim the full amount of child tax credit in their 2021 federal tax return.
Child Tax Credit: What If I’ve Lost the Letter?
Don’t worry. If you’re not sure if you have received the letter already, or if you want to get ahead and file your taxes right now, you can find the letter on the ITS website. Using your online IRS account, log in and click the “View My Tax Records” button, and you’ll see your advance child tax credit payments from 2021 and a list of qualifying children from that year.
The IRS recommends that you double-check this information on the website before filing your taxes, as it will determine how much money you receive in a lump sum tax refund this year.
Child Tax Credit: How Much Am I Entitled To?
The amount you are paid in a lump sum this year depends on what you qualified for and received between July and December last year.
Parents can receive up to $1,800 for every child under the age of five, and $1,500 each for children between 6 and 17.
While there is no limit for the number of children eligible for the expanded credit, there is an income limit. After $75,000 in income for a single filer, the credit is reduced. For joint filters, it’s $150,00. Any single filer who earns more than $220,000 will receive no credit, and joint filters earning more than $440,000 should not expect any payments.
Jack Buckby is a British author, counter-extremism researcher, and journalist based in New York. Reporting on the U.K., Europe, and the U.S., he works to analyze and understand left-wing and right-wing radicalization, and report on Western governments’ approaches to the pressing issues of today. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.