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I entered advance Child Tax Credit payments for my wife and myself. Turbo Tax rounded up to the nearest dollar causing the total to be $1 more than actual.

Forum|Forum|4 years ago
March 1, 2022
1 reply
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Will this be a problem? The warnings about the amount not being exact are making me worry. I entered the amounts exactly from the forms, but Turbo Tax is rounding up. Should I confirm that the amount is correct (even though its $1 higher than actual) or should I make one of the two individual amounts $1 lower than actual so that they total up correctly?

TurboTax Deluxe Online

Best answer by DavidD66

I recommend you reduce one of the amounts by $1 so that the total agrees with the IRS records. Being off by $1.00 ultimately wouldn't cause any problems, but it could delay the processing of your return, and your refund, if you are expecting one.

D

DavidD66Answer

I recommend you reduce one of the amounts by $1 so that the total agrees with the IRS records. Being off by $1.00 ultimately wouldn't cause any problems, but it could delay the processing of your return, and your refund, if you are expecting one.

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