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Does anyone know if our second payment for the child tax credit is included in our federal refund? I am seeing peanuts for a refund and was expecting 3k

 
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4 Replies
MinhT1
Expert Alumni

Does anyone know if our second payment for the child tax credit is included in our federal refund? I am seeing peanuts for a refund and was expecting 3k

If you answered correctly the TurboTax questions in the Child tax credit section, the balance of your child tax credit should be included in your refund. It is not shown separately.

 

To check that the balance of the child tax credit is included in your refund, you can preview your form 1040 and check that the child tax credit is correctly calculated on line 28 of your form 1040.

 

Please preview your form 1040 by following these steps:

  1. In TurboTax, open your return
  2. In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
  3. On the Tools Center page, click on View Tax Summary
  4. In the left-hand column, click on Preview my 1040
  5. Your form 1040 will display.
  6. Scroll down to line 28 - Refundable child tax credit or additional child tax credit from form 8812 and you should see the amount of this credit on this line.
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Does anyone know if our second payment for the child tax credit is included in our federal refund? I am seeing peanuts for a refund and was expecting 3k

Ok because I’m my refund balance I only see $711.  So to me I am thinking where is the $3,000 that I did not get. Unless it doesn’t show in the total refund Balance. I see my credit on the forms. Just not in my refund balance.

MinhT1
Expert Alumni

Does anyone know if our second payment for the child tax credit is included in our federal refund? I am seeing peanuts for a refund and was expecting 3k

If you see the correct amount on line 28 of your form 1040, then this is already included in your refund. This means that without the child tax credit, you would owe taxes for 2021. 

 

Without seeing the whole tax return, I cannot comment you would have tax due without the child tax credit.

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Does anyone know if our second payment for the child tax credit is included in our federal refund? I am seeing peanuts for a refund and was expecting 3k

@alessa1025 Not sure what you mean by "peanuts".   The other half of the CTC that you can receive on your 2021 return is on line 28.   But that amount can be reduced by any tax liability that you have that you would otherwise have to PAY as tax due to the IRS.

 

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.

**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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