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Deductions & credits
The calculations appear to be correct. Your refund amount of $6421 includes the entire Child Tax Credit that you are eligible for ($9600) as shown on line 28 before entering any advanced payments. Once you enter that you have already received $4800 via the Advanced Child Tax Credit payments between Jul-Dec, line 28 showing your child tax credit is reduced to $4800 and therefore your refund is reduced by $4800 down to $1621.
As @xmasbaby0 states you can view your form 1040 before filing or paying.
- "Tax Tools" in the left hand menu
- "Tools"
- "View Tax Summary" in the main screen
- "Preview My 1040" in the left hand menu
@Tuscenraid
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‎February 1, 2022
6:13 AM