2021 - Where are Advance Child Tax Credit Payments from IRS Letter 6419 Entered?
Online · Written guide Content date 1 min read
In July of 2021, the IRS began distributing early payments of the Child Tax Credit to taxpayers who had at least one qualifying child. These payments are known as the Advance Child Tax Credit. Taxpayers will reconcile any Advance Child Tax Credit payments they (and their spouse, if filing jointly) received on their 2021 returns, and claim any remaining Child Tax Credit due.
In January, 2022 taxpayers received Letter 6419 providing the total amount of advance Child Tax Credit payments that were disbursed to them.
Where to Enter advance payments
When the 2021 tax return is initially created in Tax Processors Plus Online, you are asked if the taxpayer has a principal place of abode in the U.S for more than half the year and if any advance Child Tax Credit payments were received:
On the next screen you will be prompted to enter the amount of advance payments that the taxpayer received and the number of qualifying children used in determining the advance amount found on Letter 6419.
To adjust these amounts, from the Federal Section of the tax return select:
- COVID-19 Relief
- Advance Child Tax Credit
Additional Information: