Key Tax Credit Information Will Be Provided by the IRS to Aid in Preparing 2021 Tax Returns

Taxpayers that received Economic Impact Payments (AKA Round 3 stimulus checks) and Advanced Child Tax Credits in 2021 will soon receive correspondence from the IRS with information regarding the payments that were made. These letters, expected to be mailed in December 2021 and January 2022, will be key to preparing 2021 tax returns. Please retain them with your other important tax documents and submit them with your 2021 tax return information. The IRS announcement can be read here.