Advanced Child Tax Credit

Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.
Other videos in this category:
Beginning January 1, 2018, the federal deduction for job-related moving expenses has been eliminated, except for certain military personnel. [CC]
Use this three-year state tax comparison to help taxpayers understand differences between the current and preceding year state tax returns. [CC]
Learn how to generate and suppress Form 1040-SR in Drake Tax.