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IRS to send letters to Advance CTC & EIP recipients

The IRS will issue information letters to Advance Child Tax Credit recipients starting in December, and to recipients of the third round of the Economic Impact Payments at the end of January. 

Taxpayers should keep these letters - and forward them to their tax preparers - to help prepare their 2021 federal tax returns in 2022.  Using this information when preparing a tax return can reduce errors and delays in processing.

"A word to the wise saves nine."