2660755
I did not receive the Advanced child tax credit payments the last four months of 2021. The IRS stated that I could claim the payments on this years return. I do not claim my daughter this year, and while using the purchased Turbo Tax disc I do not see an option to receive the tax credits on this years return. What am I missing?
You'll need to sign in or create an account to connect with an expert.
I am confused. You say you will not be claiming your daughter for 2021. So why are you expecting to get the child tax credit? If you are not claiming the child on your tax return, you might even have to pay back the advance payments you received last year. You only get more child tax credit on your return if you are claiming your child. You are required enter the amount you received.
Go
Federal>Deductions and Credits>You and Your Family>Child Tax Credit
TurboTax calculates the Repayment Protection. This determines if a person is required to repay the advance CTC.
What is Repayment Protection?
Repayment protection is an income-based program that reduces the amount of excess advance Child Tax Credit payments you have to repay.
Full repayment protection equals $2,000, multiplied by the following:
To be eligible for full repayment protection, your adjusted gross income (AGI) for the 2021 tax year must be at or below the following:
You won’t qualify for any repayment protection if your modified AGI is at or above the amounts listed below based on the filing status on your 2021 tax return.
For information on the definition of modified AGI, see Topic C: Calculation of the 2021 Child Tax Credit.
i was eligible when i filed last year,because it was my year to claim my daughter, but I never received the advanced payments. Thank you for your input i discussed it with a Turbo tax rep via phone and got it cleared up.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JimDimitri
Level 2
thadley52
New Member
LeeMarie323
New Member
sumi398
New Member
Macf1
New Member