Schedule 8812 line 5 was not miscalculated?
On the 2021 1040 Federal tax return:
- Line 12 of Federal Schedule 8812 computes the total Child Tax Credit, and
- Line 28 of the Federal 1040 which reports the refundable amount.
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.
To view Federal 1040 line 28, go to Tax Tools / Tools / View Tax Summary / Preview my 1040.
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