Question

Incorrect CTC amount

Forum|Forum|4 years ago
February 20, 2022
1 reply
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I filed my federal taxes a last week, I received letter 6475 which states I received a total of 2800.00 in economic impact payments. I did not see where this information was supposed to be entered on tax return. Is this information supposed to be added to my 2021 tax return?

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VolvoGirl

Employee

Yes you needed to enter it. But it is not for the Child Tax Credit that is something else. You get letter 6419 for the CTC.

The 3rd Stimulus payment was 1,400 per person. You got 2,800 for 2 people. If you qualify for more it will be on 1040 line 30 as the Recovery rebate credit. If you only qualify for the 2,800 then line 30 should be blank. If line 30 is wrong the IRS will automatically adjust your return and reduce your refund or send you a bill.