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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.
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.
Everybody got only one half.
Everybody will be filing Schedule 8812.
TurboTax will handle it.
your second half should appear on 1040 line 28.
EVERYONE filing a tax return this year will have to visit the CTC section of the program even if they are not claiming any dependents on the 2021 return because the program cannot KNOW who got a CTC advance last year.
This goes for the third stimulus payment as well ... EVERYONE will need to answer those RRC questions.
And with the changes to the EIC more taxpayers will be eligible for it this year ... it is important to visit this credit as well.
Failure to complete any of these sections will result in error messages when you get to the REVIEW tab and you cannot efile with those errors.
So everyone needs to complete all sections of the TT interview and not skip the deductions & credits section this year even if they have in the past.
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