How the Child Tax Credit could affect your refund (infographic)

February 11, 2022 : H&R Block

There have been a lot of changes with Child Tax Credit (CTC) recently that could affect your tax return this year. Thanks to legislation passed in 2021, millions of American families received advance Child Tax Credit payments in the latter half of the year.  

How will these advance CTC payments affect your tax return? What if you didn’t receive any of the advance payments or opted out midway?  You can find explanations of common scenarios in our Child Tax Credit infographic below.*

Need help? You can rely on our expertise to get the credits you deserve, whether you  file taxes online, or with an H&R Block tax pro. 

*Keep in mind: Every tax situation is different. The impact of the Child Tax Credit on your taxes may be complicated, and not everyone gets a refund.

Click to view larger image 

Related Topics

H&R Block

Related Resources

Filing for a Deceased Taxpayer

If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.

What’s Your Filing Status?

Choosing the wrong filing status is a common mistake. Do you know what your tax filing status is? Read on to learn about filing statuses with H&R Block.

Don’t Overlook the 5 Most Common Tax Deductions

From retirement account contributions to self-employment expenses, learn more about the five most common tax deductions with the experts at H&R Block.

New Baby, New House or New Spouse? How Major Life Changes Affect Your Taxes

Getting married? Having a baby? Buying a house? Go through your life events checklist and see how each can affect your tax return with the experts at H&R Block.