Deductions & credits

DoninGA · ‎February 6, 2022

@krestep wrote:

I appreciate you posting this. It further highlights the problem. "The other half is on your federal tax return..."

The problem is, only half is on there. Then later, it subtracts the half that we already got. Then when you go into the tool you just mentioned, there is nothing in the credit line because it canceled itself out. This is exactly what everyone in this thread is pointing out. You are correct that if I just do my taxes myself, this won't be a problem. We're just trying to let intuit know that their software is calculating incorrectly.

If there is not an amount shown on Line 28 for the child tax credit -

Did you receive the advance child tax credit in 2021? If so, did you enter the same amount received for both you and your spouse? In other words if the Total amount of advance credit received was, for example $1,500, did you enter $1,500 for you and $1,500 for your spouse? If that is what you did then it would eliminate all the child tax credit on your tax return and Line 28 would not have any amount entered. You would have to go back to the Child and Other Dependent Tax Credit section and change the amount received to $750 for you and $750 for your spouse.

These are screenshots for Schedule 8812 in the TurboTax program where one dependent age 10 is being claimed on the tax return -

When no advance child tax credit was received, the full amount of the child tax credit is entered on Schedule 8812 and that amount flows to Form 1040 Line 28 -

When the advance child tax credit was received and reported, then half the amount of the child tax credit is entered on Schedule 8812 and that amount flows to Form 1040 Line 28 -

And this screenshot of the Form 1040 Line 28 for the amount of child tax credit from Schedule 8812 -

All the above was taken from a 2021 TurboTax Premier edition program using the exact same software as all other 2021 TurboTax editions.