Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 26, 2022 7:02:19 PM

I qualify for full repayment protection for an overpayment of the advance child credit last year but turbotax is still deducting it. Am I doing something wrong?

I entered the full amount received for my two daughters last year but only claim one this year. My AGI is under the 50K Max so i'm confused why it says $0 for child credit.

0 1 144
1 Replies
Expert Alumni
Jan 26, 2022 7:40:22 PM

You are not due a child tax credit for the child you claimed in 2020. Since you received an advance payment on the child tax credit for that individual, it is applied to the child tax credit you are due in 2021 for the other child. While it is true that you would not have had to pay back the advance for the 2020 dependent if you had no child tax credit in 2021, it is applied to your 2021 credit since you have one. Another way to look at it is the IRS does not keep tract of who the child tax credit belongs to, rather you calculate the credit you are due for 2021, and any payments you received towards your child tax credit is used to satisfy that obligation by the government.