TurboTax

[Jessy02]

Okay so I recently did my taxes on TurboTax which was difficult this time I was just wondering why am I getting only 2800 back if I claimed the child tax credit?? And also it says I’m getting 6400 back but the accepted tax return says only 2800??? 

[Jessy02]

Hello!!! Can somebody answer me!! Don’t just look at it wtf 

[JohnB5677]

Please Clarify a few things.

There are a number of things that could affect this.

The Credit is  $3,600 for children ages 5 and under at the end of 2021; and. $3,000 for children ages 6 through 17 at the end of 2021.  Where did the $6,400 come from?

Did you get any of the Advanced tax Credit?  Be sure you reported this correctly.

Is the $2,800 your refund, or is it the amount stated for the Child Tax Credit?

[Jessy02]

The 6400 is the child tax credit plus what I didn’t receive last year. I shouldn’t get the advanced tax credit that has nothing to do with me & im guessing 2800 is my refund but I also claimed my son so I’m very confused.

[Vanessa A]

If you look at your 1040, line 28 will be the amount you are getting for the child tax credit.  If you did not receive any advance payments. The $6,400 would be something more than the child tax credit.  If you are only claiming one child, then you your Child Tax Credit will be either $3,000 or $3,600. 

Line 32 is your refundable credits which includes your Earned Income Credit, Child Tax Credit, Dependent Care Credit and a few other refundable credits from Schedule 3.

Line 33 of your 1040 are your total payments.  This is NOT a refund amount, this is the sum of what you had withheld from your paychecks and all of your credits, some credits are refundable others are not.

Line 34 is the amount of your refund.  This is how much you paid in, plus your credits minus your tax liability. 

You can also see your 1040 using forms mode in TurboTax Desktop or if you are using TurboTax online by clicking the following:

• Tax Tools
• Tools
• View Tax Summary
• Preview My 1040