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Adv CTC Rounding Issue for Married Filing Jointly Turbotax rounds first, then adds, making it look like we received an extra dollar from the IRS that we did not receive

 
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3 Replies

Adv CTC Rounding Issue for Married Filing Jointly Turbotax rounds first, then adds, making it look like we received an extra dollar from the IRS that we did not receive

When filing as Married Filing Jointly you can round down on one and then round up on the other to get the correct total.  Only the total is used in calculating the child tax credit on the 2021 tax return.

Adv CTC Rounding Issue for Married Filing Jointly Turbotax rounds first, then adds, making it look like we received an extra dollar from the IRS that we did not receive

Facing the same issue. Is it then workaround to use ? Thanks in advance.

DaveF1006
Expert Alumni

Adv CTC Rounding Issue for Married Filing Jointly Turbotax rounds first, then adds, making it look like we received an extra dollar from the IRS that we did not receive

If you are asking if this is the correct workaround, then yes it is.

 

@mn301

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