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Entered Amount in IRS Form 6419, But This Adds up to Federal Tax Due. Why?
I'm in the middle of Tax Filing with TurboTax Premier 2021. My wife and I received IRS Form 6419 (advance Child Tax Credit Payments) with $900 each, total $1,800, which is correct. When I type $900 each, $1,800 is getting added to what I owe for Federal Tax Due. Is this normal? My understanding is we are still eligible for $200 Credit since we received $1,800 already, and that $200 Credit is clearly shown in the Overall Deductions & Credits page. But why that $1,800 is going against my Federal Tax Due? Am I missing something?
‎January 30, 2022
11:41 PM