What is the age of your children? Only children age 16 and younger are counted for this payment.
If your child is age 17 or older, you will not receive the $500 for your child. It is not actually known which tax year is used to determine the age of the child.
As of today, April 15, 2020, the only known way to reconcile advances of the credit that are not correct is to do so when you file your return for the 2020 tax year in 2021. Of course, this is subject to change.
Check these links frequently for updates:
IRS Coronavirus Tax Relief
TurboTax Corona Virus Tax Center Updates
Safeguard your information. Do not click on links in any e-mail or text message asking for your bank information. Go directly to IRS or US Treasury websites to provide this information.
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