Yes. Since the monthly payments you received in 2021 were an Advance on the 2021 Child Tax Credit you would have received on your 2021 tax return, the advance payments need to be reconciled on the tax return. The advance payments will be subtracted from the total amount of the 2021 Child Tax Credit you are eligible to receive thereby reducing your federal tax refund since all credits on a tax return would be included in the refund.
