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zmclees
New Member

Do I include the IRS AdvCTC payments in my state or local tax refund for 2021?

Just wondering if this is in a separate part of the Turbotax walkthrough or if I should include it here?
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2 Replies

Do I include the IRS AdvCTC payments in my state or local tax refund for 2021?

No.  The advance child tax credit are not taxable income and would not be added to a 2021 state or local tax refund.

You will be asked in the TurboTax program to report the amount of advance child tax credit received in 2021 so that amount can be reconciled with the total child tax credit you are eligible to receive on the 2021 tax return.

Do I include the IRS AdvCTC payments in my state or local tax refund for 2021?

Information flows from your federal return to your state return.   You do not add anything about your child tax credit payments to your state return.  The child tax credit has nothing to do with your state tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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