How to Check if Your Child Tax Credit Letter is Inaccurate

The IRS should send you Letter 6419 if you received advance Child Tax Credit (CTC) monthly instalments last year. This letter summaries the total advance payments you received last year and estimates how much of the credit you can claim on your 2021 tax return

How to Check if Your Child Tax Credit Letter is Inaccurate

The IRS, on the other hand, just announced that certain letters may be incorrect. While issue appears to affect just a small number of people, erroneous letters could lead to parents claiming a larger credit amount than they are entitled to. Here’s everything you need to know about it.

Who is receiving incorrect CTC letters, and why are they getting them?

According to the IRS, the people who are most likely to receive incorrect Child Tax Returns include:

Credit letters can be classified as one of the following:

  • You moved in December 2021
  • You changed bank accounts in December 2021

Your last monthly CTC payment may have been undeliverable or your direct deposit may have bounced from your old bank account, causing your last monthly payment to be delayed due to either of the aforementioned causes.

How do I figure out how much CTC I received last year?

If you believe the amount on your letter is incorrect, go in to your IRS Online Account and review the CTC payments you received last year, comparing the amount to your bank records. When filing your tax return, the IRS recommends that you use the amount shown in your Online Account to ensure that your numbers match what the IRS has on file for you.

If your CTC numbers differ from those on file with the IRS, your return will most certainly be detected, and your tax refund could be delayed greatly. As a result, it’s always a good idea to double-check!

Note to married filing jointly couples: Letters issued to married filing jointly couples are mailed to each spouse separately, with only their portion of the payments received. This implies that married taxpayers will each receive a letter, and when filing their joint return, they will need to integrate the information from the letters. If the total of their advance payments in their Letter 6419 and their IRS Online Account differences, use the total in their Online Account.

What should I do if I don’t get paid in December?

Whether you didn’t get one of your monthly payments last year, check your payments in your Online Account to determine if the money was returned. If the payment was not returned, you can track it down by calling the IRS at 800-908-4184. Be prepared to provide the date, method, status, and amount indicated in your Online Account when contacting them.

You won’t have to mention the missing payment on your tax return if the IRS determines it was returned or was missing. If you’re eligible, you’ll be able to claim the payout in your 2021 tax return instead.

How would reporting incorrect CTC payments affect my tax return in 2021?

If you use the wrong payment amount from your CTC letter, it will affect the amount of credit you can claim when you file. This could result in some people claiming too much on their tax returns or not receiving all of the money they are owed.

Finally, declaring a payment amount that differs from what the IRS has on file as an official figure in your Online Account will cause your return to be processed much more slowly. So stay tuned as we update this website as more specific information from the IRS becomes available.

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