Yes, TurboTax does catch these calculations, but it cannot know if the original input is not right.
TurboTax would have calculated the return based on what was entered for stimulus payments and the age of dependents. It cannot know if that input is inaccurate.
The return must be amended. If you have state taxes, they must be amended as well. To Amend(change) your 2020 TurboTax Online return, follow these steps:
- Open the return--you will be at Tax Home.
- Scroll down to Your tax returns & documents and Show.
- Select 2020, and Amend(change) return.
Only after the amend process has been started, then, navigate to the Stimulus Payments section by following these steps:
- Go to the search box and enter stimulus. Click the Jump to link.
- Answer Yes.
- At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
- An amount must entered in each box. Report the stimulus payments as received When finished, click Continue.
Next, to correct your dependent's age:
- Go to the left menu and select My Info.
- Scroll to your daughter's info and select Edit by clicking the pencil icon.
- Edit her birth date and save/continue.
For more information, see: How do I amend my 2020 TurboTax Online return?
The amendment can be e-filed. The only states that offer e-file for amended returns are currently Georgia, Michigan, New York, and Vermont. Otherwise, the corresponding state amended return must be paper filed.
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