Deductions & credits

You do receive the Child Tax Credit on your 2021 tax return.  After entering the advance child tax credits you received in 2021 that amount is subtracted from your 2021 Child Tax Credit you are eligible to receive.  The remaining CTC is on your tax return.

 

The Child Tax Credit is entered on your federal tax return Form 1040 on Line 28. It is added to your other tax payments, it is not a separate refund. Your Total taxes from Line 24 are subtracted from your Total tax payments on Line 33. If you have an overpayment then that is entered on Line 34 as your federal tax refund.  Or the Total payments on Line 33 are subtracted from Line 24 for the taxes owed on Line 37.

 

Using the TurboTax online editions you can view your Form 1040 at any time using the online editions. 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.

 

Using the TurboTax desktop CD/Download editions click on Forms.  In Forms mode open the Form 1040