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My refund was sitting at 8,100 roughly, when i enterd the ammont on box number 1 from mail doc6419 i.e how much i was paid in advanced ctc, refund dropped by almost half?

 
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My refund was sitting at 8,100 roughly, when i enterd the ammont on box number 1 from mail doc6419 i.e how much i was paid in advanced ctc, refund dropped by almost half?

That is normal if TurboTax assumed you did not receive advance CTC when it figured the $8,100. The live refund amount is a mere guide; it should NOT be relied on until ALL relevant amounts are entered into TurboTax. That includes the amount of advance CTC payments you actually received.

My refund was sitting at 8,100 roughly, when i enterd the ammont on box number 1 from mail doc6419 i.e how much i was paid in advanced ctc, refund dropped by almost half?

First let me point out that the Refund-O-Meter is only correct once all your income and expenses have been entered and the program is fully operational. With each entry of income or expenses the meter will continue to vary as the program recalculates the return with each step you take.  If this annoys you then turn off the meter until the end.   

 

 

Next ... the program interview flow is  poorly designed  and it  will give you a false refund total early in the interview.   The program gives you 100% of the CTC and the third stimulus credit once you have completed the MY INFO tab early in the interview  and  then much   later in the deductions & Credits tab  you are asked how much of these credits you got in advance and then the credits are adjusted for the advance payments which will show as a reduced refund amount or an increase in the balance due.  

 

Same thing for the EIC … the program gives you the credit in the refund posted BEFORE  you get to the EIC portion of the interview.  At that point it asks you a couple of questions that could possibly REMOVE the credit already reflected in the refund posted  which is also a point of confusion for many. 

 

One day the programmers may  get this changed to more timely reflect the section you are working on as you work on it and not way in advance.  Users are not happy when they see the refund being reduced without a good explanation especially when the program says you can get $X as a credit and they see the refund either being reduced or not increased.

 

 

 

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