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katiebps
Returning Member

How to claim the remainder of my 2021 Child Tax Credit?

I received the advance Child Tax Credit payments for 6 months and I deducted that in my desktop turbo tax and it removed it from my refund amount; however, where do I claim the first 6 months of the child tax credit?  I don't see anywhere that I can add the first 6 months' money in?  Do I just file my tax return without it included in the amount of my refund and then I get the rest with my refund or should it be reflected in my refund amount?

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4 Replies

How to claim the remainder of my 2021 Child Tax Credit?

In January the IRS is going to send you a letter 6419 that shows how much of the monthly advance CTC payments were sent to you in 2021.   You will enter that information into the software and then the software will reconcile the amount you still get as part of your 2021 refund.   The software is not fully updated for this yet--be patient and wait for the letter from the IRS.

 

There is no rush to file now.    The IRS will not be accepting e-files until late January at the earliest.

 

And.....if you are getting the CTC or earned income credit......the PATH act means you cannot get your refund until the end of February at the earliest—so filing early will not get you an early refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

How to claim the remainder of my 2021 Child Tax Credit?

The child tax credit is $3000 or $3600 and is added to your refund if you have a qualifying dependent. Then, if you enter the amount of your advance payments, they are subtracted from the credit because you already received them.  It sounds like you know the amount of the advance payments and you entered them without waiting for the IRS letter.

 

So I need to ask you, why do you think you did not get the credit? It will already have been  included in your refund if you claimed a qualifying child dependent.

katiebps
Returning Member

How to claim the remainder of my 2021 Child Tax Credit?

I can tell because it was not included.  The number didn't change when I entered my kids in as dependants, then when I entered my advance payments the number decreased that much.  I am sure it is because as the first commenter said, the software hasn't been updated yet.  

How to claim the remainder of my 2021 Child Tax Credit?

Watch line 28 on your Form 1040 for the child tax credit

 

PREVIEW 1040

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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