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Deductions and Credits from Summary not Lining up Review

It appears that my credits relating to Child and Dependent Care ($361) and Child and Other Dependent Tax Credit ($4000) are not transferring to my Federal review section.

 

In the attached image, you can see that the $4,321 credit above disappears and does not impact my credits. Am I missing something here?

 

Thanks in advance!!

Mismach.png

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1 Reply
KrisD15
Employee Tax Expert

Deductions and Credits from Summary not Lining up Review

The Dependent Care Credit and Child and Other Dependent Care Credit are subtracted from the tax listed on Line 16 of your 1040 to get your total tax which is reported on line 24.

That would be 27,237 for 2022.

This means the 4,361 was already used to get to this figure. 

 

The "Additional Child Tax Credit" is applied on line 28 AFTER the tax on line 24 is calculated. 

 

So in 2021, your total tax was 25,083 and you had those "Refundable" credits left to lower the tax liability even more. 

In 2022, the credits you had were non-refundable, so they lowered your tax "earlier" on your return. 

 

 

 

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