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Turbotax 2020 crack3/10/2024 For 6 dependents, it says it should be $11,200. When I try to reconcile this on TurboTax in the federal review, it only boosts it an additional $321, for $8,400 total, which aligns with the AGI of $141,923 and 4 dependents. Regarding the third stimulus check and the recovery rebate, calculators on both TurboTax and another online both indicate that I (my wife and I combined) should have received $10,773, though we only received $8079.12. I may have to submit another question - Let me know if I should. Unsure if I'll crack that nut, though I'll have a closer look to see if an amendment is worth it, before I file 2021. I then went back though my deductions to ensure things calculate appropriately. I ended up deleting him and then reentering him. On this year's I could click the box on the 1040, though that didn't save. Looks like this little error with my youngest kid goes back to 2019 taxes. The only error is your refund for tax year 2020 is a bit short due to the missing child tax credit for your fourth child and you can amend to get that refunded as well, but tax year 2021 will be correct. When completing the child tax credit interview in the "Deductions & Credits" tab, your total child tax credit will only be reduced by $4800 so the missing advanced child tax credit will now be part of your tax refund. Check your IRS letters or the I RS portal to verify. I surmise you received $4800 when your should have gotten $6600. Therefore the payments you received between Jul-Dec 2021 would be off by one child. Your advanced child credit payments were based on your 2020 tax return entries. Your total child tax credit before entering the advanced child tax credit should be 13,200 (2 x 3600 and 2 x 3000). All four should show as qualifying for the child tax credit on your form 1040. TurboTax referral codes, coupon codes, and the ilk are prohibited. ![]() Your child tax credit for tax year 2021 will be correct assuming you answer the dependent questions when entering each of them correctly. Lastly, the IRS website says the last day to make changes that affect your advance child tax credit payments for 2021 was. How would I confirm if there's an issue and how would I fix that? I'm concerned this is a mistake on my 2020 taxes that is impacting my CTC. My wife and I filed married jointly, we lived in the US all year, my kids all have a SSN and not an ITIN, are all our biological kids without adoption or anything. My AGi is above $150k and I've considered the phase out schedule. The amount of my advance payments also seems to align with three kids. ![]() ![]() On the form 1040 I filed last year, three of my kids have an x in the block for "qualifies for child tax credit" and my youngest (born Sep 2019) has a check in the block for "credit for other dependent.įrom all I can see on this forum and in the TT online, all my kids should be eligible for the child tax credit and it doesn't appear that any would fall into the category of the "credit for other dependents." I have four kids who are now ages 2, 4, 6, and 8. Deluxe Maximize your tax deductions I own a home I have charitable donations to deduct I have high medical expenses ( 4. You can file taxes for a different year by selecting the year above. I filed with TurboTax in 2021 (I have for many years). To file 2020 taxes, please select a TurboTax product.
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