If you received a notice from the IRS stating that the amount of your 2021 Child Tax Credit has been changed, you should follow the instructions provided in the notice. Here are the steps you need to take:
- Review the Notice: Carefully read the notice to understand the changes made by the IRS to your Child Tax Credit amount. The notice will explain the reasons for the adjustment.
- Agreeing with the Changes: If you agree with the changes made by the IRS, no further action is required on your part. The notice is simply informing you that the IRS has already adjusted the Child Tax Credit claimed on your return.
- Disagreeing with the Changes: If you disagree with the changes, you should contact the IRS. The notice will provide a toll-free phone number on the top right corner. When you call, have a copy of the Social Security card(s) and Individual Tax Identification Number(s) (ITINs) associated with the tax return available.
- Common Reasons for Adjustments: The IRS may have corrected the amount of your Child Tax Credit for several reasons, including:
- You were claimed as a dependent on another person's 2021 tax return.
- You did not provide a Social Security number valid for employment for any qualifying child whom you claimed.
- Any child whom you claimed for the Child Tax Credit does not meet all of the requirements to be a qualifying child.
By following these steps, you can address the changes made to your 2021 Child Tax Credit amount effectively.
Sources:
Rev. Proc. 2022-22
IRS Fact Sheet Updates FAQs on Child Tax Credit
Rev. Proc. 2022-12
Rev. Proc. 2021-24
