CatinaT1
Expert Alumni

Deductions & credits

I suspect some of that amount is reducing your tax liability.

 

The child tax credit (CTC) along with the additional child tax credit (ACTC) may both be on your tax return. The ACTC is a refundable credit, while the CTC can reduce your tax to zero, but any balance is not refundable.  

 

Check line 28, Form 1040, to see if you have the ACTC or refundable portion listed. This may show the other portion, and you should also see Form 8812 in your tax file. 

 

By using the Tax Tools, you can take a quick review of your 1040: 

To find Tools:  

  1. Sign into your TurboTax account and open or continue your return.  
  2. Select Tax Tools in the left menu.  
  3. You'll find Tools beneath Tax Tools. 
  4. Select View Tax Summary 
  5. Select Preview My 1040 (left black panel) 
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"