I'm using TurboTax to prepare my taxes as I do every year, but I'm running into some things that I'm not sure about with everything going on in 2021 and the CTCs.
Child #5 was born Dec 3rd. Through the year I received half of the advanced CTC for the other children, aged 9, 5, 4, 2. Doing the math, that was $13,800/2=$6,900 over the six months. With the new addition, I would expect the remaining $6,900 for those 4 kids, plus the $3,600 for #5 for a total of $10,500. However, TurboTax is closer to ~$7,000. I'm MFJ and we are well below the cutoff for income for phaseouts. It's almost as if TurboTax isn't yet calculating the new child.
Also, I believe the new child is also eligible for an additional $1,400 stimulus, which also doesn't seem to be reflected in the running refund total.
Is there a spot at the end where TurboTax will do its final sweep to calculate and/or am I missing something? I've heard from multiple people that TurboTax doesn't have the right forms/the forms correct to others are running into the issue, but I'm not sure. Thank you.
