I have to pay first in order to see my 1040 and I'm not doing that unless I feel that the answers are correct. What I see when I look under deductions and credits for the line labeled Advance payments, Child and Other Dependent Tax Credits, is a 2021 item for $4,800. This is the amount I entered in from my letter 6419 for what we received as part of the advance payment. However, if I am understand CTC correctly, I am entitled to another $4,800 dollars. My total CTC for 2021 should be $9,600.
I did a test to get more info. When I am inputting the CTC data, if I say I didn't receive anything in advance my, refund is sitting $6,421, and 2021 CTC is showing at $9,600. When I say that I received by $4,800 it drops to $4,800. What I am confused by is that I received a full $4,800 dollars from the Federal government in advance. Why would I not be receiving the remaining $4,800? Why is my refund dropping all of sudden to $1,621. What happened to the other $4,800 dollars?
