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Deductions & credits
Thanks for all of the info, the only thing im asking is if I normally would get a refund for my taxes based on the assumption that I have a child tax credit then if that tax credit has already been given to me, would I end up owing money for that same year. Remember, I normally dont owe much in taxes thanks to my withholdings. BUT this time I received $3000 back early on the advanced payments. I received all my stimulus too so the IRS does not own me that. So when I calculate my taxes for 2021 do I do that without having the benefit of the child tax credit I already received??
‎July 21, 2023
8:53 AM