You should proceed with entering your 2021 tax information.
The Child Tax Credit is a refundable credit for 2021 so you do not need income to qualify for it and if you claimed a qualifying child last year, TurboTax assumes you will claim the child again and is populating the full credit. If you received any Advance Child Tax Credit payments you will enter that information and the credit will adjust then.
Also, the Recovery Rebate Credit is a refundable credit for 2021 and this represents the 3rd stimulus payment that was sent out in the spring of 2021. If you already received the 3rd stimulus payment, you will enter it as you go through the step-by-step, and TurboTax will adjust the credit amount to the correct calculation.
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