Deductions & credits

@mgold1313 - go back to the interview questions in TT related to the Advance Child Tax Credit.  TT asks how much you had already received and referenced Letter 6419. 

 

Based on your response to what you had already received, TT is able to calculate the CHild Tax Credit. 

 

Look on Line 28 of form 1040.... what is there?  

 

it should be $3600 times the number of children under 6 PLUS $3000 times the number of children 6-17 years old LESS what you told TT you already received. 

 

if you entered a number you already received that was less than the IRS knows it sent you, the IRS adjusted your tax return for the difference, so that your tax return matched the IRS records.  The result was a lower refund / more tax owed.

 

Check your bank statements for July - Dec, 2021 to review what you actually received.  The direct deposits occured right around the 15th of each month.

 

does that help?