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Deductions & credits
Are you allowing for advance payments that may have been received from July through December 2021?
The full amount of the Child Tax Credit is not reported on the 2021 1040 Federal tax return, only the net amount after applying the advance payments. In 2020, the full amount of the Child Tax Credit was reported on the 1040 Federal tax return.
Are you able to view the computation that the software made for the actual credit?
If you can view the entire 2021 1040 Federal tax return at Tax Tools / Print Center, you will see:
- Line 12 of Federal Schedule 8812 which computes the total Child Tax Credit, and
- Line 28 of the Federal 1040 which reports the refundable amount.
To view Federal 1040 line 28, go to Tax Tools / Tools / View Tax Summary / Preview my 1040.
See also this TurboTax Help.
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‎February 13, 2022
8:05 AM
1,074 Views