This happened to me, too!
According to this article:
https://www.freep.com/story/money/personal-finance/susan-tompor/2022/03/09/income-tax-refunds-smalle...
"The advance child tax credit put money into wallets in 2021. Now, many people don't realize the money was an "advance" of an expanded credit for 2021."
I have one child, so six months times $250 = $1,500.
I got this message from the IRS:
We changed the refundable Child Tax Credit amount claimed on your tax return because there was an error on Schedule 8812, Credits for Qualifying Children and Other Dependents, in one of the following:
- The computation of the credit on Schedule 8812 was incorrect.
- The amount on Schedule 8812 was not transferred correctly to your tax return.
- You received advance Child Tax Credit payments but did not reconcile them or you reconciled them incorrectly
Seems like TurboTax would have caught this! :(
