Unfortunately, I think Turbotax is correct. It starts with your maximum credit, then subtracts how much you got paid in advance. That "stimulus" was really more like a loan - it wasn't free money.
If you look at the forms, how it works is this basically replaces the old child tax credit. Worse, it subtracts after your tax liabilities - not before. So if you're like me, you end up paying a penalty for not "paying" enough taxes (because they mailed me checks during the year, instead of deducting it from my liabilities).
So if you were expecting $6000 in credits, and you received $3000 last year, you only have a $3000 credit left this year instead of the $4000 credit you're used to (assuming 2 kids). You're not getting the old credit + the "stimulus" added on top. That's kind of what it sounded like, but that's not reality.
Hopefully you're not stuck paying interest/penalties like me. It's stupid because I literally would have been better off throwing those checks in the garbage instead of cashing them. Worse, I didn't even spend them.. I just left them in the bank. Now I have more forms to fill out, and I have to pay *more* than I would have otherwise.
