DMarkM1
Expert Alumni

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.

 

  1. "Tax Tools" in the left hand menu
  2. "Tools"
  3. "View Tax Summary" in the main screen
  4. "Preview My 1040" in the left hand menu

 

@Tuscenraid

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