The IRS is providing more information about the advance payments of the Child Tax Credit (CTC) that will begin being made on July 15 to eligible families. On its website, the IRS explained that it will send “Letter 6417” to recipients before it disburses advance payments to them. The letter will inform taxpayers of the amount of their estimated CTC monthly payments and indicate where they can find additional information about them. In January 2022, the IRS will send “Letter 6419” to provide the total amount of advance CTC payments that were disbursed during 2021. Save this letter for when you file your 2021 return. For more details, contact us or visit: https://bit.ly/2SXFB46
