2021 tax year. I understand the part about the advance tax payment. Seems I got a 6419 and we missed (or didn't receive) the one for my wife. That's not the issue, but what triggered me to re-calculate my 8812 for the CTC.
So based on the line 5 worksheet for 8812, the maximum amount I could get would be $3000 per child (ages 14 and 17) which is $6000 (2x $3000). I don't understand why TT calculated $4000 for the 2021 year? Don't really care, just want to know what is the correct amount.
So by TT, line 5 8812 was $4000. Less the $1000 i reported that I received = $3000 which is what I claimed. (line 28 1040) My error was that we received $2000, so $2000 is what should have been claimed on line 28 1040 for credit as per the IRS. That makes sense. But, I should have claimed a $4000 credit on line 28 1040 based on the $6000 from line 5 of 8812 less the $2000 advance payment. So TT didn't calculate the total credit correctly on line 5 of the 8812. Does this make sense?
So how do i address this -contact IRS? amended return?
