- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My first CTC return of the season. MFJ client has 3 children ages 8 to 14. AGI is 116,991, so it seems that they should be eligible for $9,000 CTC minus the $4,500 Advance CTC payments already received. I have completed form 8812 showing the 3 children, and Line 12 shows $9,000. Line , but nothing is flowing to Form 1040 Line 19. On 1040, Line 19 is blank and Line 28 shows $4,500. This makes the total CTC $4,500 instead of $9,000. What am I missing?
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I think it is like that. The Additional Child Tax credit goes to the additional CTC line. The ACTC is the background in the worksheet. Do not worry.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you. My client asked me to show him the $9,000 credit on the 1040 and was not happy that it does not show up in black and white. I have satisfied him by referring him to the 8812.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Why would the client expect the $9000 CTC if they've already received $4500 advance.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
They simply wanted to see that they were able to take the entire $9,000 credit. They knew that they had already received half of it, but they wanted to see that the other half was applied to their account.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Ahhhhhh got it. Thanks for satisfying my Monday morning curiosity. 😁