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annaye18-
New Member

The tax credit amount is generating incorrectly. I received CTC payments, but im filing a child I didnt receive payments for. Will this adjust after I've filed ?

I put the amount of payments ive received which were deducted but i dont see the amount from the child i didnt receive payments for
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2 Replies

The tax credit amount is generating incorrectly. I received CTC payments, but im filing a child I didnt receive payments for. Will this adjust after I've filed ?

Do you still have all of the children as dependents for whom you received the advance payments?  And is this an additional child----was this a child who was born in 2021?

 

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. If your child was born in 2021make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.

 

Federal>Deductions and Credits>You and Your Family>Child Tax Credit

 

The IRS is sending out letter 6419 to you.  It will show the amount of advance child tax credit that you received during 2021.  Enter the information from that letter carefully.   

 

The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.   Then it will calculate down to the refund you see on line 35a or the tax due on line 37.

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

 

NOTE:   The CTC is indeed a “credit” that can be applied toward any tax liability that you would otherwise have to pay as “tax due”  to the IRS.

 

**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.**
DawnC
Employee Tax Expert

The tax credit amount is generating incorrectly. I received CTC payments, but im filing a child I didnt receive payments for. Will this adjust after I've filed ?

It will adjust before you file if you have everything entered correctly.    Look on Line 28 of your tax return to see the balance of the Child Tax Credit you are claiming.    Schedule 8812 should be included as well.   Child Tax Credit and Advance Payment Info.

 

 

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