02/04/2022
Did you know? The IRS made a number of significant changes for Tax Year 2021. We want to make you aware, early on, of what we can do to help you get the full refund amount you are due in a timely fashion.
The two changes are the third stimulus economic impact payment, and the advanced child tax credit payments. These amounts are extremely important in completion of your tax return. Any inaccuracy will likely cause a significant delay in the processing of your return and receiving refunds. It also may require you to call the IRS to rectify an inaccuracy. Your payments could have been received as a direct deposit or provided in the mail as a check or debit card.
Third Stimulus (EIP 3) Recovery Rebate Credit
• Found on IRS Form 6475
• Received in March of 2021
• $1400 per person including children based on age
Advanced Child Tax Credit
• Found IRS Form 6419
• Payments starting July 2021 and ending in December 2021
• $300 or Less Per Child
There are few options available to you to obtain the information required;
• IRS forms 6475 and 6419 received this month in the mail
• Your Bank Statements
• IRS.gov and ID.me
Our experienced team is also available to guide you through your bank accounts or through navigating the IRS systems available. Call or Text today to set up an appointment 317-784-7267.
