Early Child Tax Credits in Family Law Cases
A tip from Mangrove Financial for dealing with the early child tax credits. This issue is confusing to many and is discussed daily during our mediations or with our own clients.
If you received early child tax credits, those who received early payments in 2021 should be expecting Letter 6419 in the mail from the IRS that explains how much they received and how that number was calculated. The letter lets people know how to properly file their taxes by telling them how much they are still owed in child tax credit.
PLEASE don’t file your 1040 until you receive this letter. If the calculations on your return are incorrect it will significantly delay your refund.