My wife and I both received Letter 6419 from the IRS, with instructions to report the Advance Child Tax Credit that we received in 2021. Where do we enter this info?

[ajlee777]

Hi-

I can't seem to follow this.  I have the TT Premier edition.  When you say Federal tab in #2, do you mean "FEDERAL TAXES" and then Wages & Income or is it Deductions & Credits?

2. Click on Federal tab under Tax Home.

[VolvoGirl]

@ajlee777   Are you using the Online Premier version or the Desktop installed program?  Yes the Child Tax Credit is under Federal Taxes then Deductions & Credits.

How to enter the advance Child Tax Credit you got

How do I enter my advance Child Tax Credit payments in TurboTax?

[Twins2]

I entered the information as directed $2000, $1000 for me and $1000 for my wife and my taxes owed increased by the same amount plus an additional $136.  Why did I get this result?   

[Vanessa A]

If you had already walked through part of program and entered your kids, the child tax credit was added to your refund meter.  When you entered that you already received part of it or all of it that you are eligible based on this years dependents claimed, it was deducted from your refund amount. 

This happens with the recovery credit as well for some people. 

You can remove it and look at your 1040 lines 16-31, then add it back and see exactly where the change is coming from.  The Child Tax Credit is line 28.  The stimulus is line 30.

You can preview your 1040 by selecting Tax Tools>>Tools>>Preview My 1040