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mill1174
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Why is TurboTax only showing a partial child tax credit rather than full $6550? (Only showing $3200 which reflects advance payments we received)

Pertinent details might be family AGI is $151,500. Received $3300 actually in advance payments but shouldn't the total Child Tax Credit show as $6550?
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Why is TurboTax only showing a partial child tax credit rather than full $6550? (Only showing $3200 which reflects advance payments we received)

You get the full Child tax credit ($3000 per child, $3600 for children under 6), but the amount you got, in advance is subtracted, on Schedule 8812, before the net amount is entered on lines 19 and 28 of form 1040.

 

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