For advance payments child tax credits I entered the amount from the IRS form which was $1500, but in the turbo tax tax breaks column for 2021 it's listed as $500, why?

[xmasbaby0]

What line are you looking at?   The 2nd half of the $3000 child tax credit should show up as $1500 on line 28.

[xmasbaby0 · Accepted solution]

Federal>Deductions and Credits>You and Your Family>Child Tax Credit

The IRS is sending out letter 6419 to you.  It will show the amount of advance child tax credit that you received during 2021.  Enter the information from that letter carefully.   

The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.   Then it will calculate down to the refund you see on line 35a or the tax due on line 37.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

NOTE:   The CTC is indeed a “credit” that can be applied toward any tax liability that you would otherwise have to pay as “tax due”  to the IRS.

Federal>Deductions and Credits>You and Your Family>Child Tax Credit

The IRS is sending out letter 6419 to you.  It will show the amount of advance child tax credit that you received during 2021.  Enter the information from that letter carefully.   

The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.   Then it will calculate down to the refund you see on line 35a or the tax due on line 37.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

NOTE:   The CTC is indeed a “credit” that can be applied toward any tax liability that you would otherwise have to pay as “tax due”  to the IRS.

[taxsurfer]

Thank you for the step by step for looking at my return.  So I'm guessing that turbo tax also automatically fills out schedule 8812?  Is there a way to see that?  on the 1040 it's saying the $500 is the additional tax credit calculated from 8812.

[ThomasM125]

TurboTax does automatically populate form 8812 reporting your child tax credit. You can only see that form once you have paid for the program.

The child tax credit may appear as two entries on your form 1040, one on line 19 for the nonrefundable portion of the credit and the rest on line 28 for the refundable portion.

[taxsurfer]

thanks!