Deductions & credits


@Jonlewis91 wrote:

So when I file my taxes for 2021, since it’s 2022, I won’t get the advance payments like she has this year?


Whoever claims the child on their 2021 tax return is the only parent entitled to the child tax credit.  If parent A received advance payments but does not claim the child as a dependent, they must repay the entire credit.  If parent B did not receive advance payments but does claim the child, that parent will receive the entire tax credit.

 

But, note that the rules are different for the $1400 stimulus rebate.  If parent A received a stimulus check in March 2020 for the children ($1400 per person including dependents), and then parent B claims the children as dependents on their tax return, parent B will also get a stimulus rebate and parent A will not have to repay their stimulus rebate.  But the child tax credit is different.