WICHITA, Kan. (KWCH) – It’s tax season again and the standard IRS refund deadline is a month away. This is already making people confused as to how to deposit certain credits for 2021.
With the advanced child tax credit option in 2021 along with expanded education credits and new breakdowns allowed for Kansas state reimbursement, Nolan Christensen, owner of Christensen Financial Services, says he saw a lot of people coming in for help filing their taxes this year.
Christensen says, “I had someone the other day trying to do something and they finally called me this week and said, ‘I can’t calculate, I can’t find that number”, because he was thinking of a number that he should get. No matter what he did with that online filing, it wasn’t happening and he knew it wasn’t right. »
For those who received child tax credit payments from July through December, Christensen warns that those families are unlikely to receive as large a return as expected.
“The child tax advance payments that went out from July through December, there’s a letter that the IRS issued to everyone, it’s number 6419,” Christensen explains.
Another IRS letter people should have when filing 2021 taxes is a statement of the $1,400 stimulus payment received in the spring. If there was a mailing problem, Christensen says people can create an account on the IRS website to get that information to avoid a very delayed refund.
Christensen said, “file early. The reason for this is that the IRS is always behind in processing the previous two years. You definitely want an electronic file, don’t post anything if you don’t have to. Because these are extremely time consuming because they are going to be at the bottom of the stack.
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