topic Re: Amend in After you file

Amend

Chi2006 — Thu, 27 Jan 2022 15:52:08 GMT

My return has been accepted but Will the IRS fix my issue on my return if I didn’t get the CTC last year because I forgot to click no to the question and my return amount should be higher with it

Re: Amend

xmasbaby0 — Thu, 27 Jan 2022 16:03:02 GMT

You filed without entering any information for the child tax credit? Did you claim a dependent child on your 2021 return? Look at line 28 of your Form 1040. Do you see an amount there? If you entered a qualfiying child then the software automatically puts the CTC on that line. Later when you go through Federal Review you are supposed to answer questions to reconcile the amount of advance payments received with the amount the software entered already. So you might be okay.

If you messed it up, the IRS will likely find your mistake and correct it, but it will delay your refund.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Re: Amend

ColeenD3 — Thu, 27 Jan 2022 16:06:14 GMT

It is possible, but I wouldn't count on it. You would be better off amending. Be sure that you have all your documents so that you don't have to do this more than once. Also, you will have to wait until your return has been accepted by the IRS.

The function is not yet available for 2021, but the steps will be below.

Sign in to TurboTax
Scroll down to Your tax returns and documents, select 2020, then Amend (change) your return
- If you only see the option to amend 2020 or earlier, it's because you can't amend an unfiled 2021 return. Instead, select Pick up where you left off so you can make any changes before you file
Carefully follow the instructions to amend1

Re: Amend

xmasbaby0 — Thu, 27 Jan 2022 16:28:24 GMT

@Chi2006

I think Coleen and I interpreted your question differently.

We need clarification on what you were asking about.

When you say you did not get the CTC "last year" were you referring to those monthly payments that were issued between July and December---the "advance" CTC payments?

Or do you mean you did not get the child tax credit on your 2020 tax return? Please look at your 2020 tax return on line 19 to see if you received the CTC on that tax return.

Re: Amend

Chi2006 — Thu, 27 Jan 2022 16:42:05 GMT

I opted out the monthly payments is what I’m saying

Re: Amend

Chi2006 — Thu, 27 Jan 2022 16:43:23 GMT

I was thinking CTC should me more because I opted out of the monthly payments

Re: Amend

Chi2006 — Thu, 27 Jan 2022 16:44:17 GMT

Yes I got accepted already

Re: Amend

Chi2006 — Thu, 27 Jan 2022 16:45:38 GMT

Do you know the amount for the CTC mine says 3,000 I thought it was more this year

Re: Amend

ColeenD3 — Thu, 27 Jan 2022 17:07:56 GMT

The amount of credit actually increased for 2021 (up to $3,600 for children under 6, and up to $3,000 for those between 6 and 17).

Re: Amend

Chi2006 — Thu, 27 Jan 2022 17:18:13 GMT

Would I get an additional credit for opting out the monthly payments ??

Re: Amend

DianeW777 — Thu, 27 Jan 2022 17:29:00 GMT

No, the maximum credit is as stated by @ColeenD3 and placed here again for your convenience. There is no additional credit for opting out of the monthly payments.

The amount of credit actually increased for 2021 (up to $3,600 for children under 6, and up to $3,000 for those between 6 and 17)

Re: Amend

VolvoGirl — Thu, 27 Jan 2022 17:39:03 GMT

If your child is older than 6 you got the max amount. If you had gotten the monthly payments the the 3,000 would be reduced.