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Refund amount wrong? Only $850 showing for 2 dependents under 3yo - CTC issue?

Just checked my transcript and my refund amount is showing $850. This cant be right - I claimed 2 kids (both under 3). Shouldnt this be way more with child tax credit? Filed early February and status just updated. Anyone else getting weird amounts for child tax credits?

Pedro Sawyer

Tax pro here - several things could be affecting your refund amount. Did you receive any advance CTC payments last year? Those would reduce your refund. Also check if you qualified for the full CTC based on your income. Common issue this year is partial credits based on phase-out thresholds.

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Gemma Andrews

No advance payments at all! My income was 42k last year

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2M

Pedro Sawyer

That income should qualify you for full credits. You might want to double check your return for errors or if someone else claimed them

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Mae Bennett

Hey instead of guessing, try taxr.ai - it analyzes your transcript and tells you exactly what's going on with your refund and why the amount might be different than expected. Its $4.99 but worth every penny when you're trying to figure out these weird amounts. https://taxr.ai

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Beatrice Marshall

does it actually work? seems sketchy ngl 🤔

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Mae Bennett

100% legit! It showed me exactly why my refund was held up and when I'd get it. Even caught an error I missed

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Beatrice Marshall

just tried it and wow ur right! it explained everything way better than the irs website 💯

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Melina Haruko

im in the same boat! filed for my 2 kiddos (3 and 1) and got back way less than expected smh

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Dallas Villalobos

Did you claim EIC too? Sometimes that affects the total amount

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Gemma Andrews

yea i did claim EIC

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2M

Reina Salazar

check if someone else claimed ur kids maybe? my ex tried that last year and it messed everything up fr fr 🤦‍♀️

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Gemma Andrews

nah impossible, im a single parent and nobody else could have claimed them

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Saanvi Krishnaswami

Call the IRS asap! Sometimes their system glitches and doesn't process all credits properly

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Demi Lagos

good luck getting through lol been trying for 3 weeks 🤡

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2M