Additional child tax credit

[lorretta2021]

Does my refund include the additional child tax credit remaining amount for 2022? Or do we get a separate deposit from refund? 

[AamilD]

To clarify, do you mean the additional remaining amount for 2021? For 2021, any remaining amount will be added to your refund. You will not be getting a separate deposit.

For 2021, the Child Tax Credit allows a taxpayer to receive unto $3,600 for each child age 5 and under and $3,000 for each child ages 6 through 17. 

To enter the Child Tax, Credit, please follow the Steps Below:

1. Click on Federal from the Left side Menu.
2. Click on Deductions & Credits.
3. Then scroll down till you see a section for "You and Your Family".
4. Within this section, you will see 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 Child Tax Credit that you can receive will show up on line 28 of your 2021 Form 1040.

You can view your return or just your 1040 form before you e-file to make sure the numbers which are being used for calculation seem reasonable.

Please follow the steps below:

1. Open or continue your return.
2. Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
3. With the Tax Tools menu open, you can then:
   • Preview your entire return: Select Print Center and then Print, Save, or Preview This Year's Return (you may be asked to register or pay first).
   • View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu. This option is free and you can Preview your return before you file.

Additionally, please visit Preview Tax Return before E-Filing , for more information

[xmasbaby0]

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.