Thursday, January 13, 2022

ACTC payments + 3rd Round EIP payments

  • The IRS announced it will issue information letter (Letter 6419, 2021 Advance CTC) Advance Child Tax Credit (ACTC) to recipients starting in December 2021, and
  • (Letter 6475 - Your Third Economic Impact Payment), EIP $(1,400), paid in March of 2021, to recipients of the third-round of the Economic Impact Payments (EIP) to EIP recipients in late January 2022.
  • Tax preparers should use this info when preparing a tax return to reduce errors and delays in processing.
  • These letters will assist taxpayers when preparing their TY2021 federal tax return in 2022. Learn more --->