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posted Jan 26, 2022 11:46:55 AM

Will my return get delayed because Turbo Tax won't let me enter cents in the field for Child Tax Credit Payments?

There is a note stating avoid significant delays with the IRS by entering the exact amount from letter 6419. We each received $23.50 but Turbo Tax is rounding it to $24.00 I'd hate to get hung up on a silly technicality.

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1 Replies
Employee Tax Expert
Jan 26, 2022 12:42:23 PM

No. Your return will not get delayed due to rounding. The IRS rounds amounts to the nearest dollar. Therefore, please round amounts of 50 cents or more up to the next whole dollar. For example, if your actual amount is $100.60, enter $101.00. In your case, round $23.50 up to $24.00.