I know our kids living with us will have to pay some back on the child tax, and they knew that when they used it. They needed it at the time for daycare. Not sure about paying anything back on the other.Ah!
Here are the scary lines:
"If your total advance child tax credit payment amount is greater than what you're eligible to claim on your 2021 tax return, you will have to repay what is owed.
That's because the payments were based on the IRS' estimate of your 2021 child tax credit amount.
You can repay the excess during the 2022 tax filing season when you file a return for 2021."
Also... it wasn't clear if my refund will be smaller... or not...