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Get your taxes done using TurboTax
No, the Child Tax Credit became a refundable credit in 2021 and therefore is reported after taxable income. It is a dollar-for-dollar credit and does not adjust the amount of tax calculated, but reduces the amount of tax you owe. Your 2021 tax summary is correct.
See What Is the Difference Between a Refundable and a Nonrefundable Credit? for more specific information.
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‎February 12, 2022
2:09 PM