The balance of your child tax credit is reported on Line 28 of Form 1040. Check your Form 1040 to see if there is a number on this line. If there is nothing on Line 28 of Form 1040, check your Form 8812. Form 8812 might explain why you did not get the other half of your child tax credit.
Here is some key information about the Advance Child Tax Credit and the Refundable Child Tax Credit.
Who qualifies for the child tax credit? For the 2021 tax year, you can take full advantage of the expanded credit if your modified adjusted gross income is under $75,000 for single filers, $112,500 for heads of household, and $150,000 for those married filing jointly.
Does your income full above the threshold of your filing status?
The Child Tax Credit phases out in two different steps based on your modified adjusted gross income (AGI) in 2021.
The first phaseout can reduce the Child Tax Credit to $2,000 per child.
- That is, the first phaseout step can reduce only the $1,600 increase for qualifying children ages 5 and under, and the $1,000 increase for qualifying children ages 6 through 17, at the end of 2021.
The second phaseout can reduce the remaining Child Tax Credit below $2,000 per child.
Child Tax Credit
