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How to add the Child tax credit strategy in Intuit Tax Advisor

by Intuit Updated 5 months ago

When a return had the Child tax credit in the tax program, this information will flow over to the Pre-strategy baseline but a new amount cannot be edited there. The Child tax credit strategy will need to be added.

  1. Select View tax plan for the desired plan.
  2. The taxpayer must have a dependent entered to enable the Child tax credit strategy. If you need to add a dependent:
    1. Press the edit pencil icon next to Profile.
    2. Select Add dependent.
    3. You cannot save until you enter the required information:
      • First name
      • Last name
      • Date of birth
    4. Change the Relationship and Type if needed.
    5. Press Save.
  3. Go to the Strategies tab.
  4. The Child tax credit strategy will not show under Insights because Intuit Tax Advisor does not calculate the amount. Go to All strategies.
  5. Select Add for the Child tax credit strategy.
  6. Enter the credit amount in the 2024 Strategy change column.
  7. The results of this strategy can be reviewed on the Review Plan tab in the Federal Payments and Refundable Credits section as well as the Federal balance due or refund line.
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