Question

child tax credit

Forum|Forum|4 years ago
February 23, 2022
1 reply
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My comparison details for this tax season:

2020 Child and other dependent tax credit $6500

2020 additional Child tax credit $0

2021 Child and other dependent tax credit $500

2021 additional Child tax credit $4500

Question: Is the 4500 essentially the amount i received during the year? Which is detailed on letter 6419 with an amount of $4500.

Not A Product Question

X

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. Then it will calculate down to the refund you see on line 35a or the tax due on line 37.

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.

**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.**