Form 8812

[PHRCPA]

New baby born 2021 why is Proseries calculating $2K and not $3,600, and where is Line 5 Worksheet?

[Just-Lisa-Now-]

Income limitation?

[dkh]

ProSeries doesn't show the line 5 calculation   I use the IRS worksheet in the 8812 instructions to verify PS calculates correctly.

[PHRCPA]

No income is $248K, thought it was the baby was born in 2021, but IRS site doesn't address 2021 births, just say 0-6 $3,600

[TaxGuyBill]

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@PHRCPA wrote:

No income is $248K,

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That is well past the the income limitation for the $3600 credit.

[PHRCPA]

$400,000 if married and filing a joint return; or. $200,000 for all other filing statuses.

its a married couple

[PHRCPA]

got it, phase outs, finally found it!! brain dead

Thank you all

[dkh]

Based on the $248k, you client is only entitled to $2000 CTC......   complete the worksheet on page 4 of F8812 instructions

[BobKamman]

Thought maybe there was a box to check to indicate new baby as opposed to old baby.