If you have received advances of your 2021 child tax credit, you will have to reconcile the amount you received to the amount you were due when you file your income tax return.
In January 2022, the IRS will be mailing you Letter 6419 to provide you with the total amount of advance Child Tax Credit payments that were disbursed to you in 2021.
The calculation of what you are entitled to and what you may have to repay can be tricky, so be sure to contact us to help you with the filing of your return this year!