turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Anonymous
Not applicable

My spouse and I each have a 50 cents ending to our advance child tax credit. When TurboTax rounds them up, I end up with a total that is $1 more than the IRS says.

Since they have a warning that says enter the EXACT amount, will this extra $1 cause an issue? Or should I round up on 1 and down on the other? I'm unsure how to fix this with TurboTax
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

My spouse and I each have a 50 cents ending to our advance child tax credit. When TurboTax rounds them up, I end up with a total that is $1 more than the IRS says.

Don’t worry. The IRS requires rounding. 

Anonymous
Not applicable

My spouse and I each have a 50 cents ending to our advance child tax credit. When TurboTax rounds them up, I end up with a total that is $1 more than the IRS says.

I decided to go look at the actual IRS form - and it looks like they combine the amounts for spouses on one line, so to get the total to match I rounded up on 1 and down on the other, so our total will match the IRS total. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question