Advanced Child Tax Credit

[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.

[VolvoGirl]

@richlyntek   Yes the math is right.  You are getting the remaining amount 1,074 on line 28 as a credit.   Not the 1076 Advance you already got.   You must have a high income if you didn't get the full amount either for the Advance or the Credit.  It is right, your Tax Due is reduced for the 1074 credit.  

Are you rested today?  Is it making more sense?  I think someone else posted on your thread and got us confused.