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Why are my Child Credits not being calculated?
During the Summary review of my Federal Taxes:
Federal Taxes Owed - $20,058
Federal Taxes you've paid, PLUS certain credits - $17,088 (This is the taxed amount from paychecks w/o credits included)
When I open the Summary Breakdown, it says my Total Payments and Credits is - $21,288. This number breaks down as follows:
Federal Tax withholdings - $17,088 (same number as above shown on main Summary)
Child Tax Credit - $4,000
Child Care Credit - $200
Totaling the $21,288
Why does the Summary Breakdown include my Child Tax Credits but the main Summary Page does not? Causing me to owe money. It seems the $21,288 figure is the accurate figure which includes my Child Tax Credits but is not being used.
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March 14, 2023
12:43 PM