Are you being given the Child Tax Credit or are you being asked whether you received advance payments of the Child Tax Credit in 2021?
Everyone has to answer whether they received advance Child Tax Credit payments. If you did not receive any of those payments between July and December 2021, report that you received $0.
To qualify for the Child Tax Credit, you must report a dependent who is a qualifying child. Do you report a dependent who is a qualifying child?
Tests to be a Qualifying Child
- 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.
- 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.
- The child must have lived with you for more than half of the year.
- The child must not have provided more than half of his or her own support for the year.
- 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).
Are you able to view the computation that the software made for the Child Tax Credit?
If you are able to view the entire 2021 1040 Federal tax return at Tax Tools / Print Center, you will see:
- Line 12 of Federal Schedule 8812 which computes the total Child Tax Credit, and
- Line 28 of the Federal 1040 which reports the refundable amount.
The full amount of the Child Tax Credit is not reported on the 2021 1040 Federal tax return, only the net amount after applying the advance payments.
@Dan1938
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