I'm entering my child tax credit payments EXACTLY as they appear on my 6419, but TurboTax keeps rounding up even though they stress exact amount. Anyone else seeing this?

[AmyC]

The IRS requires that all numbers be rounded to the nearest dollar. If your cents are causing a rounding error, you will need to round the numbers off so that the total matches your total received.

[rricciardi]

Thanks for your response, although now I’m confused. A turbo tax rep just told me that it’s expected that it will round up, so that’s OK. But when it does that, my numbers entered are accurate, but my total is $1 more than received. If I do as you suggested, total would be right, but neither amount would “match.” What to do?

[Carl]

What to do?

Nothing. The IRS "requires" rounding on some things, and highly encourages rounding on others. The only items I'm aware of where rounding is not allowed are the W-2 and 1099 (all flavors) tax reporting documents.

[Critter-3]

By any chance are you married ?  And you each have an amount with 50 cents on the letters like 300.50 & 300.50 then be smarter than the program and enter  300 and 301   or simply enter 601 on one and zero on the other person.  Since the IRS only gets the combined total on the form 8812 how you get to the correct amount is immaterial.  

[rricciardi]

I am married, and I thought of that, but then was thinking that the numbers entered won’t totally correct. It’s strange that they don’t just ask for the total. Guess it’s safer to have the total come out accurate as opposed to $1 more (in my case, both numbers end in .50)

[Critter-3]

DON'T enter more than the 2 amounts totaled together  ... figure out a way to enter the exact amount totaled between you.  If you are off by as little  as that $1 then your return could be stopped and be in "review" for MONTHS and months.   AGAIN the form 8812 has ONE line for the combined total of both your 6419 letters ... the fact that the program auto rounds is simply a problem that can be overcome by using some common sense. 

[rricciardi]

Yup, that makes sense (surprised TurboTax support said it was OK to let both round up). I was just a bit panicked when they stressed on the initial and confirmation page to enter amounts EXACTLY as on 6419. Thanks for the help!

[radchik77]

I am having this same issue. Married, we only ever got one payment then it switched back to "Pending" status for some reason. So our split amount has a $412.50 each.  It keeps rounding up to $826 and it's stressing me out. So, I suppose the solution is just to make one $.50 less and one $.50 more so it doesn't equal $826 instead of the correct amount of $825.  $412 for one and $413 for the other.  Correct?

[Critter-3]

Correct ... be smarter then the auto rounding program ... do the rounding yourself.  All the IRS sees on the 8812 is the total anyway ...  

[dboy7]

Same exact problem.

This is so lame.

I love how TT neurotically asks you if you entered the numbers exactly and then auto-rounds the components so the sum in incorrect.

As if a significant number of TT users aren't married filing jointly and won't get two letters with 50 cents for each spouse.

Thanks for those who pointed out that the form asks for aggregate only.

I'm also encountering TT mis-handling of mortgage refinancing (also something massively popular this year) that Intuit has known about for several years but done nothing to fix.

TT needs to do better for what they charge.

[CH841]

I had the same issue, I'm married and am rounding with a difference of $1 dollar. So, the system is asking for entering the amount as the form received, but when click continues is rounded is another value, so innacure. I don't see any answer in the discussion from TT expert, I hope in the future TT solve this kind of issue. Thanks to the community for this discussion, it helps a lot. I believe the best way to do this is like all suggestions here, do not care about what tt suggestions are said, and do your own round in order to match the right total amount received.

[KrisD15]

Yes, 

I believe the very first reply from Expert @amy suggests that very thing, round one entry up and the other down so the total matches the total the IRS has on file.  

This should be an isolated issue particular to 2021 Tax Year filing. 

@CH841