Deductions & credits

1) I assume they mean the amount of the monthly payment (i.e. $550), not the total amount received over 6 months?   Using the info on the letters you must wait for you will enter the total you received in advance.

 

 

2) Since my spouse and I file MFJ, we only received one payment into our joint account. So, do I split the $550 in half and say we both received $225? Do I say that I received $550 and my spouse received $0? Not sure how to fill in those blanks.  On the TT screen there is a place for the taxpayer & the spouses' amounts for the total they got as reported on the 6419 you will get in the mail.  So you will each report 1/2 of the total.  550 x 6 = 3300/2 = 1650 each

 

 

Now what will confuse you is the Refund-O-Meter ... try to ignore it until you are completely finished entering everything and have gotten to the REVIEW tab.