Question

Rest of the child tax credit?

Forum|Forum|4 years ago
March 21, 2022
1 reply
0 views

Hi,

How the rest of the child tax credit (the half after advance payments) is expected to be received? After filing the taxes ? Or while filing the taxes, added to the total refund?

Thanks in advance

V

Vanessa A

If you received half of the child tax credit as an advanced payment, you will receive the other half when you file your tax return and your refund is processed.

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

M

mn301Author

Thanks. But Turbo Tax is not showing a Federal refund but amount that needs to paid back rather which is confusing.

M

MinhT1

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 (or subtracted from your tax due). It is not shown separately.

To check that the balance of the child tax credit is included in your tax return, you can preview your form 1040 and check that the child tax credit balance is correctly calculated on line 28 of your form 1040.

Please preview your form 1040 by following these steps:

In TurboTax, open your return
In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
On the Tools Center page, click on View Tax Summary
In the left-hand column, click on Preview my 1040
Your form 1040 will display.
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.