Missing funds

Forum|Forum|4 years ago
March 13, 2022
2 replies
4 views

My wife and I filed taxes jointly. Our tax return was accepted by the IRS for $9027. However $3000 is missing. We do not owe anything. I have seen multiple post that they are missing money this year.

VolvoGirl

Level 15

Do you have a child? That maybe for Advance Child Tax Credits you already got. Check 1040 line 28.

KennedynicholashAuthor

Level 2

We had our first child in October of 2021. We never received a credit

DMarkM1

Level 15

On your copy of your form 1040 in the dependents section is the box in column 4 checked for the Child Tax Credit? If not, you may not have indicated in the "My Info" section for your daughter that she lived with you all year. If you only put in 3 months due to the birth in Oct you will need to amend your return to indicate she qualifies. A child who was born in the tax year is considered to have lived you all year if he/she lived with you the entire time since birth.

If you need to amend here is a link that may be helpful. You will sign in to your TurboTax account and select the "Amend" option and follow the prompts.

You should wait for your refund to be deposited for your original return indicating it has been processed before filing the amendment.

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xmasbaby0

Level 15

One guess----did you receive advance child tax credit payments from July to December for two children over the age of 5? Did you enter that on your tax return? What was on line 28 of your Form 1040?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**