Monday January 24th the United States Internal Revenue Service opened its doors to begin the 2022 tax season for 2021 tax returns. There were many forms of economic stimulus pay distributed last year, meant to assist businesses, people and their families during and uncertain time. The Advanced Child Tax Credit payment was a $300.00 per child payment that was distributed once a month from July 2021-December 2021. If you are a parent that was a recipient of the Child Tax Credit there is a form that you will need when filing taxes for 2021. The IRS is asking that families who received this stimulus money make sure the 1040 form is included when you file. Recognizing this was a huge task the IRS was assigned during an already delayed 2020 tax season, there is a possibility that you may have missed the Child Tax Credit. Your Tax preparer should be able to assist you with how to properly file to recoup those funds if this is the case. For parents and families who need assistance with tax preparation Durham County has an IRS Volunteer Income Tax Assistance program. The IRS Volunteer Income Tax Assistance Program (VITA) serves low- to moderate-income people by preparing their annual tax returns free of charge; this service runs from February through mid-April at various Durham Technical College sites, Durham County libraries, recreation/community centers, and the Durham Center for Senior Life. The program is administered locally by RSVP. Tax day or the deadline to file taxes is Monday April 18, 2022.
Child Tax Credit and credit for other Dependents | IRS
