We received two 6419 but only had 1 qualified child. Taxes requires adding total amount of box 1 for both of us thus making it double the amount we did not receive. Help?

[judyjoycebacigal]

Has anyone else had this occur? We did not receive the credit individually but the form's instructions make it appear he received the child tax credit and I received it too which is inaccurate and reduces the refund.

[xmasbaby0]

Federal>Deductions and Credits>You and Your Family>Child Tax Credit

The IRS is sending out letter 6419 to you.  It will show the amount of advance child tax credit that you received during 2021.  Enter the information from that letter carefully.   The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

NOTE:   The CTC is indeed a “credit” that can be applied toward any tax liability that you would otherwise have to pay as “tax due”  to the IRS.

And…..Ignore that “refund monitor.”  The software STARTS OFF by giving you the full amount of CTC.   When you enter the amounts from your letter, the software reconciles the amount you received with the amount you can still get IF you are eligible to get the other half.     You are NOT losing any of the credit; you are not being taxed on the credit.  Don’t get confused by the reconciled amount.   You got some of it already—-now you get the rest.

 If you received the advance payment and are NOT eligible to get the other half, then it will not show up on line 28.  (Such as in some cases where the wrong parent got the advance payments, etc.)

[judyjoycebacigal]

The problem is, we both received one with an amount in Box 1 but we only received the deposit for one child. The way it's set up, my spouse received one too with the same amount in Box 1 which is double counting what we actually received. For example, we only received $750 for my child. The IRS form shows me receiving $750 and my spouse receiving $750 which did not occur. Thanks.

[xmasbaby0]

Are you sure?   If you have one child and received the six $250 payments between July and December that would have added up to $1500.   $750 + $750 = $1500.

And for the remaining amount you should see $1500 on line 28 of your Form 1040.

Better check both of your IRS accounts and see if the IRS shows payments sent to each of you.

https://www.irs.gov/payments/your-online-account

[judyjoycebacigal]

I actually didn't put the correct amount as I received $250 a month which equals the $750. I rechecked our bank account and he didn't receive an additional $750 either. I just checked with my other daughter and she said their forms are the same making it appear that each one of them received the same amount of money for their children in spite of them only receiving the amount once. I hope it's an IRS mistake as it doesn't make sense. Thanks!

[xmasbaby0]

If you received $250 a month for six months that adds up to $1500.    Are you saying you did not receive six monthly payments?   Or that your payments for the six months were less than $250 each time?

[judyjoycebacigal]

I feel completely dumb now ... I knew I was too tired to do this. You are correct and it's right. Thank YOU so much!!!!

[xmasbaby0]

Glad you see it!   You really want to get that right on your return so that your refund is not delayed.   Mistakes with the CTC will cause long delays this year.

[Mike9241]

$250 for 3 months is $750. $250 for 6 months which was what was supposed to happen is $1,500. it may be wrong but the IRS is saying you two got a total of $1500.  it's always possible that some checks went astray especially if you changed bank accounts during the year. 

the only way to deal with this is to contact the IRS. there is nothing Turbotax can do.

if you file and only report $750 the IRS will adjust your refund down by another $750 (or send you a bill if you end up owing) and send you a notice at which time you can respond, I would say it's preferable to get this rectified before you file.

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[VVillyVV0nka]

Same here!  We have two kids, and received $550 for both for 6 months for a total of $3300.  But me and the wife both received our own individual letters that says $3300 on them and on Turbo Tax, it asks us to enter  the number from box 1 from each form which totals $6600.  We didn't make $6600.  We made $3300 yet we go from a federal return of $7,593 down to $991.  Thats a $6600 dollar difference.  We didn't both receive $3300. We received $3300 total.  This is a bunch of crap.

[DianeW777]

Do not double the amounts.  Enter the correct amount you actually received by splitting each payment between you. Half of the full payment received in 2021 should be entered for each spouse. Then file your return.

@VVillyVV0nka