Hey
What a time to be alive!
We just learned that around 9 million families did not receive their Stimulus Checks, the expanded Earned Income Tax Credit (EITC), or Child Tax Credits (CTC). This is because they haven’t filed a 2021
return yet.
These are mostly low-income families who normally don’t file tax
returns. But by not filing their 2021 returns, they let go of thousands of dollars of free money from the government.
According to the Treasury’
- Some 8.3 million CTC payments didn’t reach eligible households in 2021
- To claim it, and the Stimulus Checks and EITC, file a 2021 return
However, before filing, make sure to have your W2s
in hand and letters 6419 and 6475. These show the total advance CTC you received, and the total received from the third stimulus checks respectively.
I understand that many of you are afraid of filing a return, thinking you will owe back taxes. If you are afraid, book a quick tax chat with
me so we can clear things out for you. I want to help you claim these thousands of dollars.
