- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No. you did nothing wrong. Child Tax Credits are reported different for 2021.
Yes you should have received letters verifying the amounts received as Stimulus and Advanced Child Tax Credit.
Your children are of the ages to receive the full Child Tax Credit as follows: It has gone from $2,000 per child in 2020 to $3,600 for each child under age 6. For each child ages 6 to 16, it's increased from $2,000 to $3,000. It also now makes 17-year-olds eligible for the $3,000 credit..
The Child Tax Credit is listed differently for 2021 because of changes based on the American Rescue Plan that allowed Advanced Child Tax Credits that started in July 2021. If you received monthly payments for each child between July and December, this reduces the child tax credit on the return.
If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit. Link for Additional Child Tax Credit: Additional Child Tax Credit
IRS is sending out letters for both the Stimulus payments and the Advanced Child Tax Credit. Caution if you have a joint return the amounts will be split for husband and wife. Also, some Stimulus letters are just now being received. You can also log into IRS to get the numbers needed to complete your return.
Use this link to check Advanced Child Tax Credit: Child Tax Credit Portal
How to check your amounts of Stimulus received: Check Stimulus Payments
**Mark the post that answers your question by clicking on "Mark as Best Answer"