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The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.
Parents may want to take an extra close look at IRS Letter 6419 before they file their taxes. Early reports indicate some errors possible.
The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient.
"It could be a frustrating filing season, for both taxpayers and tax preparers," IRS Commissioner Chuck Rettig said.
Attention parents: Hold onto that Internal Revenue Service letter about your enhanced child tax credit payments. You'll need it when you file your 2021 tax return.