@nina2233 yeah, so that is the problem.... please go back into turbo tax and look at all the questions that were asked about that child....compare how you answered the questions for that child vs. the other 2. Something was answered differently - I suspect THAT is the reason there was $500 missing.
two suggestions, once you figure out what occurred,
1) amend the return. that is at least a 16 week process, has to be sent by mail, and the IRS isn't reviewing paper until the IRS centers are reopened. But you want to file this because the tax credit on the children under 17 are worth up to $2000 in tax credits while the 'other dependent' tax credit is only worth up to $500 - it depends on your specific tax situation whether you;d actually be eligible for the extra $1500 - depends on your tax situation.
there is no guidance from the IRS if they are going to provide the $500 stimulus immediately after processing the amendment - maybe they will and maybe they won't.
2) however, this is the worst case scenario ...
- The stimulus payments are really based on your 2020 tax return (income, dependents, etc).
- The IRS is using either 2018 or 2019 – whatever is available - to ESTIMATE that payment
- When you file next year there will be a “settle up” section on the tax return.
- If you are due more stimulus (and this would include where you simply never received the $500 stimulus for your eldest child), you will receive it through the 2020 tax filing as an additional refund
- If you received too much stimulus (not the issue here), by law , you are not required to return it
so when you file in 2020, ensure that the check marks are all under "child tax credit" and during the "settle up' process, there should be an additional $500 refund.
make sense? please respond back if so... try to figure out why your eldest was marked as 'other dependent' - if he is a US citizen, you provide over 50% of his support, he lives with you, etc. I suspect something was answered incorrectly in TT.
