Will I need to repay any of my refund?
If the IRS determines your tax refund was incorrectly calculated, they may require you to repay the ineligible amount, plus interest. There may be additional penalties and consequences if the IRS determines that you were reckless or intentionally disregarded the rules of claiming these credits. Aren't sure if you qualify for tax credits? Chat with our tax experts.
If you received CTC monthly payments incorrectly you will not need to repay any of them, even if they are wrong. This is the case, as long as you do not earn more than $55,000 single or $66,000 married.