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asflowers1976
Returning Member

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

I am not seeing this reflecting in my federal refund?  Please help!
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You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Check line 28.  You got the Advance during the year.  You get the other half on line 28 (which goes to 32). It either adds to your refund or reduces a tax due.  Turbo Tax starts out giving you the full amount. So you might see a high refund. Then you enter what you already received so it subtracts it out. 

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You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Good.  That is the half you didn't get so it is a credit on your return.  It is included in the refund on line 35a .  

Your total refund isn't necessarily the amount of the credit.  It is included in your refund or reduces a tax due.

 

View solution in original post

7 Replies

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Check line 28.  You got the Advance during the year.  You get the other half on line 28 (which goes to 32). It either adds to your refund or reduces a tax due.  Turbo Tax starts out giving you the full amount. So you might see a high refund. Then you enter what you already received so it subtracts it out. 

asflowers1976
Returning Member

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

I read your comment and I appreciate the response.  I tuly never saw the the $3000 at the top as you stated Turbo Tax startes out with it.  I onlt received $1500 last year and was expecting to receive the other half when I filed my taxes but it is not there.  I am so confused on all of this.  I feel like I need to do an amendment and see if I can cancel what I did and just let someone else do them for me.  

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Do you have 1500 on line 28?   That is the remaining amount you get.  Not the advance you already got.  The full amount or advance does not show up on your return.  

asflowers1976
Returning Member

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Okay let me look and see if it is there

asflowers1976
Returning Member

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Yes I do have $1,500 on line 28

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Good.  That is the half you didn't get so it is a credit on your return.  It is included in the refund on line 35a .  

Your total refund isn't necessarily the amount of the credit.  It is included in your refund or reduces a tax due.

 

asflowers1976
Returning Member

You'll get the remaining $1,500 on your return, which comes from subtracting your $1,500 in advance payments from your total credit of $3,000?

Thank you so much for expalining this to me.  I was confised and truly understand now.  Have a good day!

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