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Level 2
posted Jan 17, 2022 4:31:13 PM

Second Half of Child Tax Credit not Showing as Refund Amount

Why isn't the second half of Child Tax Credit showing on/as my refund? My estimated refund amount actually decreased significantly once I input my advanced payment amount already received. I received the monthly payments from July - December via direct deposit. Amounts are correct, I was not over payed.  Is the second half supposed to show as a refund amount or are we receiving this from the IRS separately as before (not included in 2021 refund). Help please.   

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1 Replies
Level 15
Jan 17, 2022 4:49:38 PM

You don't necessarily get a refund of the other half of the child tax credit. It's a credit that is applied against your tax for the year. The amount of the credit that you are getting is on Form 1040 line 28.


The reason that your refund decreased is that TurboTax started off giving you the full credit for the entire year. When you entered the amount that you already received, it subtracted that so that you don't get it twice.