My stimulus check is wrong. What now?

[Amhicks12580]

Says child tax credit 

[NCperson]

then wait on the letter from the IRS for next steps 

this is from their FAQs

 a letter about the Payment will be mailed to each recipient’s last known address within 15 days after the Payment is made. The letter will provide information on how the Payment was made and how to report any failure to receive the Payment.

[katwoman0508]

Doesn't this mean Turbo Tax should be out here explaining this situation. I mean Told you yesterday that I was guided through filing my return through one of TT's Tax professionals and still I didn't receive the 500 dollars for my children possibly because of an error caused by Turbo Tax and this Child Tax Credit VS.  Credit For Other dependants. TURBO TAX needs to rectify this asap.

[Stinkerbellkity]

It means your return was done correctly and your children should have qualified for the stimulus payment.  There were no errors on your return.  You will, as already indicated, have to wait and see if the IRS letter allows for a correction process.

[NCperson]

@Stinkerbellkity - and worst case that correction process is the 2020 tax returns to be filed next year 

• 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 it), 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

[ASWASING29]

Right i was thinking the same thing 

[madhavi2676]

I got  stimulus payment only for 1200 USD. I claimed 3 children who are under 16. But I didn't get stimulus payment for children. I filed as head of household and claimed 3 dependent children under 16 in 2019 Taxes.

I am worried that I got wrong amount of stimulus payment. Could you please suggest me what to do . Thanks a lot.

[NCperson]

two things:

1) IRS FAQ:  

 a letter about the Payment will be mailed to each recipient’s last known address within 15 days after the Payment is made. The letter will provide information on how the Payment was made and how to report any failure to receive the Payment.

2) please look at your tax return.  where you children are listed, WAY OVER to the right, there are check marks,. listed under "child tax credit" and "other dependent tax credit"  Can you please respond and tell me under which column the check marks are noted? that MAY point us to the reason you didn't get the stimulus.  you'll need to understand this before that letter above comes 

[Angel82]

Do you work for turbo tax??

[Stinkerbellkity]

If you claimed Head of Household, is it possible you are divorced and your ex-spouse claimed the dependents on their return?

[Angel82]

If child tax credit is checked what does that mean

[madhavi2676]

I am single parent with3 kids under 16. I filed with Turbotax stimulus registration portal. I am not required to file taxes in 2019 because of low income earner.  Turbox put cross maks for Child Tax Credit for my 3 children.

my AGI is only $1.  I didn't stimulus money for my 3 kids who are under 16  please suggest me.

[madhavi2676]

I am single parent with3 kids under 16. I filed with Turbotax stimulus registration portal. I am not required to file taxes in 2019 because of low income earner.  Turbox put cross maks for Child Tax Credit for my 3 children.

my AGI is only $1.  I didn't stimulus money for my 3 kids who are under  Do you think Turbox Software made a mistake? please suggest me. 

[NCperson]

@madhavi2676 - so far so good! That is what needs to be checked! Suggest waiting for that IRS letter and follow their instructions. 

@Angel82 -- child tax credit has to be checked to get the $500 per child..... those are the "qualifying dependents" under the CARES act

I've seen some posts where the problem is that a question on the tax return was answered incorrectly resulting in 'other dependent' being marked, which would result in no $500.    The most common situation is a child born in 2019.  TT instructs you to mark that child as living with you for 12 months and regardless of when the child was born during the year.  Some marked only the number of months from birth to year end - and that is a problem! 

does that help? 

[Angel82]

@NCperson @My son is 15 and child tax credit is checked still didn't get $500