I entered advance Child Tax Credit payments for my wife and myself. Turbo Tax rounded up to the nearest dollar causing the total to be $1 more than actual.

ntay28 · ‎February 28, 2022

Will this be a problem? The warnings about the amount not being exact are making me worry. I entered the amounts exactly from the forms, but Turbo Tax is rounding up. Should I confirm that the amount is correct (even though its $1 higher than actual) or should I make one of the two individual amounts $1 lower than actual so that they total up correctly?

DavidD66 · ‎February 28, 2022

I recommend you reduce one of the amounts by $1 so that the total agrees with the IRS records. Being off by $1.00 ultimately wouldn't cause any problems, but it could delay the processing of your return, and your refund, if you are expecting one.

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DavidD66 · ‎February 28, 2022

I recommend you reduce one of the amounts by $1 so that the total agrees with the IRS records. Being off by $1.00 ultimately wouldn't cause any problems, but it could delay the processing of your return, and your refund, if you are expecting one.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

ntay28 · ‎March 3, 2022

Thank you for your response. I appreciate your time.

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I entered advance Child Tax Credit payments for my wife and myself. Turbo Tax rounded up to the nearest dollar causing the total to be $1 more than actual.