Question

If my IRS account reflects the incorrect sum paid for the advanced child tax credit, what should I do?

Forum|Forum|4 years ago
April 8, 2022
1 reply
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Our transcripts appear to reflect the correct payments (some to me, none to my wife), but we both have matching amounts listed for payment 3 (and mine is too high regardless)

TurboTax Deluxe Online

AmyC

Employee

I believe you are stating that the advance child tax credit is correctly reported by the IRS but the stimulus amount of $1400 each is incorrect. If the IRS believes they gave you that amount and you did not receive it, you will need to request a payment trace, call 800-919-9835 or fill out IRS Form 3911, Taxpayer Statement Regarding Refund. You will not be able to claim it on your tax return since the IRS believes you have received it.

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A

aldamar00Author

I'll be more specific. My letter shows $2,100. My wife's letter shows $2,100. Those amounts match what we see if we log on to our IRS accounts.

We actually received a total of $1,500. Reviewing our transcripts online from the IRS website, my IRS transcript for 2021 reveals the $1,500 worth of payments (which is the actual number I received). My wife's transcript correctly shows $0. So, in a nutshell, the IRS is claiming we received ( $4,200-$1,500= ) $2,700 more than we actually received.

If you need further clarification, please let me know 😃 And thank you!

R

RobertB4444

@aldamar00 You got a letter 6475. It says so at the top there. Letter 6475 refers to the stimulus payment received in March. The stimulus is also referred to as the recovery rebate credit. In your case you received the stimulus payments for three people back in March of 2021 - 1400 for you, 1400 for your wife and 1400 for your child. That's what these letters are referring to.

Letter 6419 which you and your wife each should have received would show a total of $1500 - $750 for you, $750 for her. Letter 6419 refers to the advance child tax credit payments. You'll enter that amount in where it asks about payments you already received and you'll probably still get a $1500 credit for your child on your taxes this year.

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