Deductions & credits

Hi Sugar Mae:

Thank you for trusting TurboTax with your tax questions! I’ll be happy to help!

You are asking about the amount of the Child Tax Credit in 2021 and whether there are other child tax benefits.

1. The changes from previous years is a bit complex as your question suggests. The simplest answer is that the Child Tax Credit is $3600 for each child under six and it is ALL refundable, unlike the split approach in previous years where part was a reduction of tax and part was refundable. Therefore, your math is correct. $3600 divided by two for each child would be $1800 split between you and your Ex-Spouse for each child.
2. You may want to refer to the follow link for details and a convenient child tax credit calculator: https://turbotax.intuit.com/tax-tips/family/7-requirements-for-the-child-tax-credit/L3wpfbpwQ#2021-c...

There are other tax benefits for parents of qualifying children. These may be of interest to you as well:

1. This list includes the Child Tax Credit and tax credits and deductions related to the education of your child: https://turbotax.intuit.com/tax-tips/family/sweet-child-of-mine-tax-credits-for-parents/L1DqxZ9mh
2. You may also be able to take advantage of the childcare expense credits for your child. Please see this link for details: https://turbotax.intuit.com/tax-tips/family/filing-tax-form-2441-child-and-dependent-care-expenses/L...

Thanks again for trusting TurboTax with your tax questions. I hope this helps! Please feel free to ask again should you have additional questions or need further explanations!

Have a blessed day! Lloyd7