Child tax credit: Don't throw away this letter before filing taxes

The tax season starts Monday, Jan. 24 and is the first date the IRS will accept and process tax returns.

This year, parents are advised to keep a special eye out for an IRS document known as letter 6419.

The letter pertains to the 2021 advance child tax credit, which was paid out from July through December.

RELATED: IRS: Some may see smaller refunds, or none at all this tax season

Families received up to $300 for each kid ages five and up, and $250 for children between six and 17.

Letter 6419 will help parents accurately report the amount of money they received upfront in 2021.

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If parents did not receive one or more child tax credit payments, they are encouraged to call the IRS at 800-908-4184.