JamesG1
Expert Alumni

Get your taxes done using TurboTax

In TurboTax Online, claim the child as a dependent under My Info.  

 

The child must be a qualifying child for you to claim the Child Tax Credit at Federal / Deductions & Credits / Your tax breaks / Advance payments, Child and other Dependent Tax Credits.  

 

You will be asked to report any advance payments received from July through December of 2021.

 

Tests to be a Qualifying Child 

 

  1. The child must be your son, daughter, stepchild, foster child, brother, sister, half- brother, half- sister, stepbrother, stepsister, or a descendant of any of them.
  2. The child must be (a) under age 19 at the end of the year and younger than you (or your spouse if filing jointly), (b) under age 24 at the end of the year, a student, and younger than you (or your spouse if filing jointly), or (c) any age if permanently and totally disabled.
  3. The child must have lived with you for more than half of the year. 
  4. The child must not have provided more than half of his or her own support for the year.
  5. The child must not be filing a joint return for the year (unless that joint return is filed only to claim a refund of withheld income tax or estimated tax paid).  

The Child Tax Credit won’t begin to be reduced below $2,000 per child until your modified AGI in 2021 exceeds:

 

  • $400,000 if married and filing a joint return; or
  • $200,000 for all other filing statuses.

See also this TurboTax Help.

 

You may get the third stimulus payment through the Recovery Rebate Credit.  The qualifications for the third stimulus payment are:

 

  • you were a U.S. citizen or U.S. resident alien in 2021, 
  • you were not a dependent of another taxpayer’s 2020 tax return, and 
  • you have a Social Security number.

There are income limitations are if your adjusted gross income (AGI) is more than:

 

  • $150,000 if married and filing a joint return or filing as a qualifying widow or widower
  • $112,500 if filing as head of household or
  • $75,000 if filing as a single or as married filing separately. 

If you did not receive the third stimulus payment, you may receive that amount through a Recovery Rebate Credit found on line 30 of the 2021 Federal 1040 tax return.

 

In TurboTax Online, you are prompted to input the third stimulus check information under Review down the left hand side of the screen.  You can also access your stimulus check choices by following these steps:

 

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Other Tax Situations.
  • At the screen We're almost there… or the screen That's all we need…,  click on Let’s keep going.
  • At the screen Let’s double-check the amount you received, answer the questions and click Continue.

TurboTax will compare your stimulus payment amount to the computations within TurboTax.  The computations within TurboTax are based upon the information that you have entered into the tax software.  If you are due an additional amount, it will be issued as a Recovery Rebate Credit (RRC) on line 30 of the 2021 1040 tax return.

 

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