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Where do I enter payments from advance child tax credit income?

 
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4 Replies

Where do I enter payments from advance child tax credit income?

To enter, edit or delete the advance child tax credit

  • Click on Federal Taxes
  • Click on Deductions & Credits
  • Click on I'll choose what I work on (if shown)
  • Under You and Your Family
  • On Child and Other Dependent Tax Credit, click on the start or update button

Or enter child tax credit in the Search box located in the upper right of the program screen. Click on Jump to child credit

Where do I enter payments from advance child tax credit income?

@baysandconsult-a - suggest checking you bank account statements from Jul - Dec, 2021 to be sure you get this correct - this is a major pain point of a lot of filers - otherwise the refund will be incorrect and the IRS will adjust upon review. 

 

If you are filing joint, note that there should be TWO letter 6419s - half the money is listed on each letter. But what was actually deposited into your bank account by the IRS is all you really need; the letters are not necessary.

Hal_Al
Level 15

Where do I enter payments from advance child tax credit income?

Q. Where do I enter payments from advance child tax credit income?

A. They go  on Line 14f of Schedule 8812.  In TurboTax, you enter as described above. 

Where do I enter payments from advance child tax credit income?

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

 

The IRS is sending out letter 6419 to you.  If you filed a joint return they sent that letter to both parents, and you have to use both letters when you enter your information.   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.

**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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