My fiancé and I live together with two children. Last year, each of us claimed one child on our 2020 returns. With that being said, we received (2) $2800 payments for two sets of 2 individuals. We also received two separate child tax monthly payments of $250 each for the 6 months.
For 2021, I have been putting in different tax scenarios into TurboTax. If I claim both kids as dependents, and put that I only received $2800, it's giving me another $1400 for the other (new) dependent I will be claiming vs the 2020 return where I only claimed one child.
Is that right? Should I put that I received a total of $4,200, even though my fiancé technically received the payment? Or does the amount need to specifically match Letter 6475? That would mean we would put $2800 for his return, even though TurboTax is expecting it to be $1400 for just him. The help text says if you received more than what they expect, you don't have to pay it back?
I want to put in the correct amounts from the letters so it matches up, but it doesn't seem right. Any help appreciated!
