- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Reporting Advance child tax credit payment when filing jointly
Re subject line: TT Online is very specific that the "exact" amount should be entered that matches the amount detailed on the IRS AdvCTC letter 6419. However, as my spouse and I file jointly we each got a letter which split the single payment we received of $167. In other words we each got a letter reporting an advance payment of $83.50. However TT rounds this up to $168 USD - when in reality we received $167. I understand how rounding works on tax returns but TT seems to be making a particular point about entering the exact amount or there is a risk IRS will require an amended return. Is it just poor wording on the part of TT?
Thanks
Topics:
‎January 25, 2022
2:37 PM