@allibaba6
@allibaba6 wrote:
That's not the issue either. We don't owe. We're getting a refund, it's just not correct. We've never ever paid in since we've had kids. Loads of parents are in the same boat.
You never got advance payments of a credit before, either. The $4,500 of monthly payments that you received were an advance payment of your refund. So the refund that you get on your tax return is that much less. If your refund, before taking the advance payments into account, would be less than $4,500, then you have to pay back part of what you got in advance.
Again, don't look at your refund or tax due. That tells you nothing about the Child Tax Credit. Look at Form 1040 line 28. If Form 1040 line 28 is $4,500 you are getting the full Child Tax Credit. Look at the rest of Form 1040, after that, to see how your refund is calculated.
