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Get your taxes done using TurboTax
Please be aware, you had foreign income you will still need to report it since US citizens and US residents are required to report their worldwide income.
You can prepare your 2021 tax return and see if you need to repay the Advance Payments:
- Login to your TurboTax Account
- Click on the "Search" on the top and type "Child tax credit"
- Click on “Jump to Child Tax Credit”
- Continue through the questions until the "Tell us about any advance Child Tax Credit payments" screen and enter the advance payment amount from letter 6914.
- Continue through the questions.
"You qualify for full repayment protection and won’t need to repay any excess amount of your advance Child Tax Credit payments if your main home was in the United States for more than half of 2021 and your modified adjusted gross income (AGI) for 2021 is at or below the following amount based on the filing status on your 2021 tax return:
- $60,000 if you are married and filing a joint return or if filing as a qualifying widow or widower;
- $50,000 if you are filing as head of household; and
- $40,000 if you are a single filer or are married and filing a separate return.
Your repayment protection may be limited if your modified AGI exceeds these amounts or your main home was not in the United States for more than half of 2021." (IRS)
It seems you are not eligible for repayment protection of the advanced child tax payments, it should show up on Form 8812. There also will be an amount on Line 19 of Schedule 2.
To preview your Form 1040/ Schedule 2:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
- Scroll down until you see Schedule 2 Additional Taxes. Line 19 Additional Tax from Schedule 8812 will have an amount if the full amount is not forgiven. If you do not see an amount on line 19 Schedule 2, then your advanced child tax credit payments have been forgiven.
Please see What is the Child Tax Credit? and IRS 2021 Child Tax Credit and Advance Child Tax Credit Payments FAQ for additional information.
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