Why did TurboTax filed my newborn as "Other Dependent" for a $500 credit instead of "Child Tax Credit" for $2,000 credit. Jointly we make less than $100,000. Fixable?

[xmasbaby0 · Accepted solution]

If your child was born in 2018 you have to say he lived with you the WHOLE year in order to get all of the child-related credits you qualify for.

[wm175309]

According to TurboTax’s website the birth of a new child in 2018 receives full child tax credit, even if they were born late in the year.

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[xmasbaby0]

That is correct so in My Info you have to say the child lived with you the WHOLE year.  Go back to My Info, click edit by your child's name and go through the questions again and answer that correctly.

[wm175309]

I submitted the return already and did not catch this until afterwards. Is it possible to redo?

[xmasbaby0]

 You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox

If you left out a W-2, or a dependent, or a 1099 etc…DO NOT change your return while it is pending.  The changes will go nowhere.

Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return. 

 If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X. You cannot e-file an amended return.  They have to be mailed, and it takes at least 2-4 months for the IRS to process an amended return.  Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed