Watch for advance Child Tax Credit letter. Economic Impact Payment letter can help with the Recovery Rebate Credit.
The IRS announced it 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. Using this information when preparing a tax return can reduce errors and delays in processing.
People who received the advance CTC payments can also check the amount of their payments by using the CTC Update Portal available on IRS.gov.