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Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

 
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11 Replies

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

If the child is age 17 or older in 2020 they are no longer eligible for the Child Tax Credit.  They are eligible for the $500 Other Dependent tax credit.

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

He was 16 

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?


@barb4961 wrote:

He was 16 


Just to verify - If he turned 17 at any time in 2020, even if on 12/31/2020 he is not eligible for CTC.

 

Then you will need to check his date of birth in the My Info section of the program.  Click on My Info on the left side of the screen and edit the dependent.  Makes sure it is in the correct format MM/DD/YYYY

If the date of birth is correct, then delete him as a dependent and re-enter him as a dependent.

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

I submit and has been accepted.   Can't edit now, can I amend

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?


@barb4961 wrote:

I submit and has been accepted.   Can't edit now, can I amend


If the return is accepted you will have to amend your original tax return. An amended return, Form 1040X, can only be printed and mailed to the IRS if the original return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.


Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.


See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax online editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-turbotax-online-return/01/27577

The Form 1040-X is scheduled to be available on 02/18/2021

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

Why would turbo not give me proper credit when I filed??

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?


@barb4961 wrote:

Why would turbo not give me proper credit when I filed??


If the date of birth was wrong and he was shown as being 17 or older then the program gave the correct $500 credit.

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

Excellent question.  I have the same issue on another platform and I know her DOB was entered right.

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

Does your child have a Social Security number?   If they do not have a SSN, you can only get the $500 credit with an ITIN.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

Barb -I figured out my own issue.  Sharing here in case someone else has problem.  I figured out it was because I had not entered her SSN.  Once I entered that my system correctd the credit.  Thankfully!  Anyhow, might not just be DOB.

@barb4961

 

Did not give me the proper child credit. Only gave 500 instead of the 2000. How do I fix?

I figured it out while you were posting this.  THANKS!

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