IR-2022-21: IRS issues 2021 Filing Season frequently asked questions, information to help taxpayers preparing their 2021 returns

IRS Newswire January 31, 2022
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Compliance & Enforcement Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2022-21 Inside This Issue IRS issues 2021 Filing Season frequently asked questions, information to help taxpayers preparing their 2021 returns These frequently asked questions (FAQs) are released to the public in Fact Sheet 2022-06 PDF, January 31, 2022. The American Rescue Plan Act (ARPA) of 2021 expanded the Child Tax Credit (CTC) for tax year 2021 only. These Child Tax Credit FAQs focus on information helpful to taxpayers preparing their tax year 2021 tax returns. Recipients of advance Child Tax Credit payments will need to compare the amount of payments received during 2021 with the amount of the Child Tax Credit that can be claimed on their 2021 tax return. Those that received less than the amount they are eligible for can claim a credit for the remaining amount. Those that received more than they are eligible for may need to repay some or all of the excess amount. The IRS has sent Letter 6419 in January of 2022 to provide the total amount of advance Child Tax Credit payments that were received in 2021. The IRS urges taxpayers receiving these letters to make sure they hold onto them to assist them in preparing their 2021 federal tax returns in 2022. These FAQs contain the following topics: Topic A: 2021 Child Tax Credit Basics Topic B: Eligibility Rules for Claiming the 2021 Child Tax Credit on a 2021 Tax Return Topic C: Reconciling Advance Child Tax Credit Payments and Claiming the 2021 Child Tax Credit on Your 2021 Tax Return Topic D: Claiming the 2021 Child Tax Credit If You Don't Normally File a Tax Return Topic E: Commonly Asked Immigration-Related Questions More information about reliance is available. IRS-FAQ  Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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