For 2021 the EIP is $1400 per person. $1400 for each adult, and $1400 for each dependent--no age limit. The EIP payments went out in mid-March onward and you should have letter 6475 that shows how much each parent received. If you did not receive the 3rd stimulus you can get it on your 2021 return---it will show up on line 30.
You might be confusing that with the advance child tax credit payments. If you received advance child tax credit payments between July and December, they would have been $300 per month for a child under the age of 6 and $250 per month for children age 6 to 17. You get letter 6419 for those payments---and you must enter the amounts in your return. You are eligible for the other half of the CTC which will show up on line 28 of your Form 1040.
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.**
