Will the amount of child tax credit refund protection decrease based on my adjusted gross income?


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Taxpayers who received child tax credit advance payments this year will need to report these payments on their 2022 income tax returns. In some cases, they may need to reimburse the IRS if their payments exceed the CTC amount. that they can claim in their statements.

See: Reconcile the Child Tax Credit on Your 2021 Tax Return – Here’s How
Find: Stimulus Update – You Could Still Qualify For A $ 1,400 Payment – Here’s What To Check On Your Taxes

Whether or not you owe money depends on your modified adjusted gross income. According to the IRS website, you will not get any refund protection if your MAGI is equal to or greater than the amounts listed below, depending on the filing status of your 2021 tax return:

  • $ 120,000 if you are married and file a joint return or as an eligible widow or widower
  • $ 100,000 if you are making a declaration as the head of the household
  • $ 80,000 if you are a single or married filer and file a separate return

On the other end of the spectrum, you may be entitled to a refund if your eligible CTC amount exceeds the total amount of your child tax credit prepayments.

See: Child Tax Credit – How to Claim Your Full 2021 Taxes
Find out: As child tax credit expires, more than 21 million Americans face food insecurity

You might also get full refund protection based on 2021 income, which means you won’t need to pay off an excess amount if your primary residence was in the US for more than half of your life. 2021 and your MAGI for 2021 is equal to or less than the following amount based on filing status on your tax return:

  • $ 60,000 if you are married and file a joint return or as an eligible widow or widower
  • $ 50,000 if you make a declaration as the head of the household
  • $ 40,000 if you are a single tax filer or if you are married and filing a separate return.

Keep in mind that your reimbursement protection may be limited if your MAGI exceeds these amounts, or if your primary residence for more than half of 2021 was outside the United States.

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About the Author

Vance Cariaga is a London-based writer, editor and journalist who previously held positions with Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. Her work has also appeared in Charlotte Magazine, Street & Smith’s Sports Business Journal, and Business North Carolina magazine. He holds a BA in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting has been recognized by the North Carolina Press Association, the Green Eyeshade Awards and AlterNet. In addition to journalism, he has worked in banking, accounting and restaurant management. A native of North Carolina who also writes fiction, Vance’s short story “Saint Christopher” placed second in the Writer’s Digest 2019 short story competition. Two of his short stories appear in With One Eye on the Cows, one anthology published by Ad Hoc Fiction in 2019. His first novel, Voodoo Hideaway, was published in 2021 by Atmosphere Press.


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