IRS Revises Tax Year 2021 Child Tax Credit FAQs
The IRS recently issued a revised set of frequently asked questions (FAQs) for tax year 2021 and filing season 2022 for the Child Tax Credit (CTC). These FAQs are released to the public in Fact Sheet 2022-28.
The revision adds Topic F: Commonly Asked Filing Season Questions, Questions 1 through 6. The new FAQs cover issues like how to calculate the CTC on a 2021 tax return if a taxpayer and their spouse both received advance CTC payments in 2021 and the spouse is now deceased and what to do if a taxpayer received a notice from the IRS that their 2021 CTC amount has changed.
The tax year 2021/filing season 2022 CTC FAQs highlight the most commonly asked filing season questions to assist taxpayers who received the advance CTC or who were eligible to receive the CTC in preparing their 2021 tax returns. The American Rescue Plan Act of 2021 expanded the CTC for tax year 2021 only.