Question

Why doesn't federal refund show the other half of Child Tax Credit I haven't received yet?

Forum|Forum|4 years ago
January 22, 2022
4 replies
0 views

I already received the advanced payments from July - Dec but am owed 1,800 more. My federal refund doesn't seem to show that even though I already entered my advanced payments received.

TurboTax Deluxe Online

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xmasbaby0

Employee

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.

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.

And…..Ignore that “refund monitor.” The software STARTS OFF by giving you the full amount of CTC. When you enter the amounts from your letter, the software reconciles the amount you received with the amount you can still get IF you are eligible to get the other half. You are NOT losing any of the credit; you are not being taxed on the credit. Don’t get confused by the reconciled amount. You got some of it already—-now you get the rest.

If you received the advance payment and are NOT eligible to get the other half, then it will not show up on line 28. (Such as in some cases where the wrong parent got the advance payments, etc.)

That “refund monitor” should not be taken seriously until every last morsel of your data has been entered.

**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.**

D

drdamian17

Thanks for the help on checking my 1040, but I'm still seeing only half of the amount I should receive on line 28. Any further help? Is this a TurboTax problem?

M

mglauner

No, this is not a known TurboTax problem.

Since we can't see your tax return in this forum, click this link for more info and a calculator for the Child Tax Credit.

Check your Form 8812 for the calculations of your Child Tax Credit that appears on Line 28 of Form 1040.

If you are using TurboTax Online, you will need to pay for your return to view Form 8812.

Be sure you indicated that you lived over 6 months in the US and that your dependent info is correct.

Be sure the amount of Advance CTC you is entered is correct, per your IRS letter 6419.

The amount of your refund could be limited by your income. There is a video at the beginning of the Child Tax Credit section explaining this.

[Edited 1/24/2022 5:57 pm]

DoninGA

Employee

If you are eligible the Child Tax Credit will be entered on your federal tax return Form 1040 Line 28 and is included in the federal tax refund.

You can view your Form 1040 at any time using the online editions. 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.

J

JamesG1

If you can view the entire 2021 1040 Federal tax return at Tax Tools / Print Center, you will see:

Line 12 of Federal Schedule 8812 which computes the total Child Tax Credit, and
Line 28 of the Federal 1040 which reports the refundable amount.

See also this TurboTax Help.

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A

Ammu

Hi,

I received my federal returns(34a) for 2021,but amount as mentioned line 28 in 1040 and line 12 in schedule 8812 not yet received.Does these refund(CTC&Rebate) schedule later and send separately or am i missing any i my filing?

Thanks

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xmasbaby0

Employee

No the child tax credit is not a separate payment. The amount on line 28 of your Form 1040 calculated down to the refund you saw on line 35a. And the amount on line 30 for the recovery rebate also calculated down. Did you get the amount on line 35a?

**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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Mike1977

Is CTC refund separate from federal refund, or CTC deducted from federal?

DoninGA

Employee

@Mike1977 wrote:

Is CTC refund separate from federal refund, or CTC deducted from federal?

The Child Tax Credit is entered on your federal tax return Form 1040 on Line 28. It is added to your other tax payments, it is not a separate refund. Your Total taxes from Line 24 are subtracted from your Total tax payments on Line 33. If you have an overpayment then that is entered on Line 34 as your federal tax refund.

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.