Skip to main content
January 31, 2022
Question

Why does my federal refund and state amount decrease when u enter how much advance payment I got for the child tax credit but yet I’m supposed to get the other half ?

  • January 31, 2022
  • 1 reply
  • 0 views
No text available

1 reply

January 31, 2022

The refund is only determined once you have entered everything on your tax return. While you are still entering information, the refund is only a temporary indication.

 

Before you entered the amount of advance child tax credit received, the program had already attributed the full child tax credit amount and this is why your refund is decreased by the amount of advance you received when you entered it.

 

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.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"