Child Tax Credit Advance Payments: IRS Letter 6419

AAFCPAs would like to make clients aware that the IRS has started mailing copies of its Letter 6419, which outlines Advance Child Tax Credit payments that may have been received by taxpayers between July 2021 and December 2021. Taxpayers will need this letter when filing 2021 taxes and to claim the remaining credit. Reporting the correct amount on your 2021 return will aid the IRS in processing your return and prevent delays of refunds.

Read more about how the Child Tax Credit is calculated in a previous blog.>>

Note: In late January, the IRS warned that some of the letters mailed included incorrect information, which may complicate some taxpayers’ tax filing.  If you did not keep a record of your payments received, you may confirm with the IRS website.>>

For the Advance Child Tax Credit, the IRS sent amounts that were paid to each taxpayer separately.  Therefore, if you file a married filing jointly tax return, then each spouse will receive a separate Letter 6419 and the two will be added together. The IRS provides samples of what the Letter 6419 looks like.>>

If you have questions, please contact Matt Lougee, CPA, MSA at 774.512.4195,; Dan Seaman, CPA, at 774.512.4134,; or your AAFCPAs Partner.

About the Author

Daniel Seaman
Dan specializes in providing tax planning & compliance solutions for individuals, families and fiduciaries, helping AAF clients to safeguard and maximize their personal and family wealth.  He advises clients on year-end and multi-year tax planning strategies, including: minimizing the impact of the Alternative Minimum Tax (AMT); planning for mutual fund dividends and capital gains; estate & gift tax planning; maximizing charitable giving strategies; planning for estimated tax payments; minimizing the net investment tax; and minimizing overall taxes between generations of a family. Dan also provides tax planning & compliance solutions for privately-held businesses in a variety of commercial industries, including: high tech, software, manufacturing & distribution, professional services, physicians & private practice, retail and real estate.