The Internal Revenue Service recently released updated information regarding Economic Impact Payments and/or Advance Child Tax Credit payments. If you received one or both of these benefits, you will receive letters from the IRS indicating the amount of money you received. Be sure to keep these letters with your tax records, as they will be necessary to receive the 2021 Recovery Rebate Credit and the 2021 Child Tax Credit if you are eligible.
Please refer to the Get Ready to File and Year-Round Tax Planning guides to avoid processing delays during tax season. As always, feel free to contact our district office for further assistance.