@krestep wrote:
Exactly the same issue. Also 3 kids, but one is under 6, so my credit should be 9600. When I subtract out the 4800 I received in advanced, it's counting that as money I owe. Basically double subtracting the 4800. Same issue on H&R block. I've been with intuit/turbo for a long time and don't want to switch, but they need to fix this.
No it is not counting it as money you owe. The $4,800 advance child tax credit you received is deducted from your Total Child Tax Credit on the 2021 tax return which is $9,600. The remaining refundable Child Tax Credit is entered on your federal tax return Form 1040 Line 28. The credit is included in your federal tax refund or it will reduce the amount of taxes owed.
Look at Line 34 for the tax refund
Look at Line 37 for the taxes owed
Look at your tax return Form 1040 and follow the Lines and the calculations -
Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
