Linda20
Level 1
03-20-2022
10:45 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Divorced parents take turns claiming child and I received advance child tax credit but am not claiming child for 2021.
How do I "pay it back" on the 2021 return?
Labels
Camp1040
Level 11
03-20-2022
10:55 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answer the question concerning how much you received in 2021 as ACTC, the program will notice that no qualified child is claimed and it will add the amount of the ACTC to other taxes.
2021whyagain
Level 2
03-20-2022
11:03 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Repay depends on income level right?
Why*Keep*Doing*This
Camp1040
Level 11
03-20-2022
11:11 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The income level forgiveness is on the worksheet
dkh
Level 15
03-20-2022
11:11 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Correct, repay depends on income. It's possible to have received ACTC for a child you cannot claim in 2021 but not have to pay it back.