Recovery Rebate Tax Credit

[hepplert]

Iam a quailifying  widow that has already  file my taxes and I may one error.  I have 2 dependents that did not received any stimulus checks. Your program does not take into account my 2 dependents that is on my personnel info with social numbers. How can I amended my taxes. Turbo Tax Deluxe will not let amend my returns.

[VolvoGirl]

How old are they?  They have to be under 17 on December 31, 2020 to get the Recovery rebate credit for them.  Or your income is too high and you don't qualify for any of it.  Or they are on your return but not listed as qualifying children.  

[NCperson]

@hepplert - what is on Line 30 of your tax return? 

how much did you receive for each of the first two stimulus payments? 

how old are the children as of 12/31/20? 

from that we can figure out what is going on. 

[hepplert]

My kids are 10 and 6 years old. I only received stimulus checks for myself an NOT my kids. Line 30 shows 0.

[NCperson]

@hepplert - what did you enter as what you ACTUALLY received for the two stimulus payments? it would have been in the 'federal review section'

did you earn more or less than $75,000 in 2020?

on you tax return where you children are listed, look to the right and there are two small check boxes.  what is checked? the CTC column or the other dependent column?

if you post the answers to EACH question, we can figure out the problem..... 

[hepplert]

I made less than 75,000. What is checked is credit for other dependents.

PS: when i received the third stimulus checks, i received for all three of us.

I have use turbo tax deluxe for years.

[NCperson]

the fact that 'other dependents' is checked is the problem

Only dependents where the 'CTC' box is checked are eligible for the FIRST TWO stimulus payments.  The 3rd payment works differently and is for next year, so let's not worry about that currently.

Are the children US citizens with social security cards? let's start there to see how to fix this or what the problem is.  

if that is not the issue, suggest deleting the two children and re-entering them. Watch the questions slowly and carefully.  Are you indicating they lived with you all 12 months? and there is a tricky worded question that did NOT contribute more than 50% of their own support. 

when  you are finished, which box is checked and what is on Line 30? 

please post back and let's see how we can solve this. 

[hepplert]

I deleted and re-entered dependents. That did work but it also change my federal and state tax to a much lower amount that I received.

[NCperson]

please reconfirm this sentence..... your refund went up or down?  your sentence was confusing because you don't receive tax; you pay tax, so I'm not following what you are trying to communicate. 

did you confirm that the little box next to your children's names are now checked under the 'CTC' column? 

and Line 30 is now what you expected? 

[hepplert]

Sorry for the confusion. Not only did I get the $ 2200.00 for my children, I also received more money for additional child tax credit.

THANKS

PS: Why didn't Turbo Tax do this?

[NCperson]

@hepplert - I don't know, but I have helped others with other issues where children are involved and that check box surfaces as the issue. 

So I am not surprised you got all the extra money you did. THAT IS GREAT NEWS

Now, I am going to open a can of worms, please go back and look at your 2019, 2018 and 2017 tax returns.  if the check mark for your children is similarly under the 'other dependent' column, you are potentially  missing a lot of tax credits and you can amend to get all that money back as well!!! Could be in the '000s of dollars depending on your tax situation.  (at least $900 per child per year)

if that is the case, begin with 2017, because the deadline to amend a 2017 tax return is April 15, 2021, just two weeks away! (for 2018 it's April 15, 2022 and for 2019 it's July 15, 2023) '

good luck!! 

[hepplert]

THANKS

I AM GOING TO LOOK BACK

[NCperson]

@hepplert - and if you find money, you owe me an "electronic beer"! 

[hepplert]

NOT A PROBLEM

ONLY ONE MORE QUESTION, WITHOUT ME LOOKING UP THRU THE TAX CODES.

WHAT IS THE DIFFERENCE BETWEEN CREDIT TAX CREDIT AND CERDIT FOR OTHER DEPENDENTS. DOESN'T TURBO TAX KNOW THIS. OR DO THEY PLAY IT SAFE WITH THE IRS.

I BELIEVED I CAN SPEND MY MONEY BETTER THEN THE FEDERAL GOVERNMENT CAN SPEND IT.

[monaLisa_smirk]

I am trying to report the Econ Impact Payment 1 (<$200) from 2020; did not receive other payments, and not eligible for any others. I do not receive any prompts in TurboTax, even if I go to the 'jump to ...' prompt. [My income actually increased in 2020 given investment sales.]  My questions: 1) Thoughts on how to enter? 2) Is the Recovery Rebate Worksheet the same place I would enter this? 3) Would Economic Impact Payment also go into Line 30, if I end up having to work past the algorithm and enter there? 

Thank you. [So far, telephone help has not been able to figure this out.] -~M.