According to the IRS.gov FAQ section on Child Tax Credits, this situation is actually addressed! The website specifically notes that the advance payments go to the parent who claimed the child on the most recently filed and processed tax return, regardless of who will claim the child for the current year. I'm curious - have you checked the Child Tax Credit Update Portal on IRS.gov? It shows exactly how much you've received in advance payments, which would be helpful to know when figuring out what portion your ex would still be eligible to claim when filing.

I GOT AUDITED because of this exact thing!! My ex got the advance payments but refused to give me any of it even though it was MY YEAR to claim our daughter. When I filed and claimed the FULL amount (didn't know about the advance payments), the IRS flagged my return. Took 9 MONTHS to resolve and I had to pay back the portion my ex already received. Don't be like my ex - if it's his year to claim, either give him the money or make sure he knows exactly how much you received so he only claims the remaining amount.

This happened to me three weeks ago! I was checking my transcript obsessively because I needed the money for a car repair. The 846 appeared on a Thursday with no date, and I nearly panicked. Called the IRS first thing Friday morning and after 2 hours on hold, they confirmed everything was fine. The date showed up Saturday morning during their overnight update. Got my money the following Wednesday. Yours is probably already scheduled in their system!

Watch out for this situation! My friend had this happen and it turned out there was an offset he didn't know about. His refund was being garnished for old student loans. When the DDD finally appeared, it was for a much smaller amount. • Check if you have any outstanding federal or state debts • Verify if you have any unpaid child support • Look for any letters from Treasury Offset Program • Call the TOP hotline at 800-304-3107 Hopefully this isn't your situation, but better to check!

Just got mine too! Here's what worked for me: 1. Filed electronically on February 5th 2. Checked WMR daily until it showed approved 3. Downloaded my transcript when it updated 4. Verified my DDD matched the 846 code date 5. Received deposit exactly on DDD The system works when you follow each step precisely. So relieved to have this done with!

Wait, did you get the standard notification from Cash App? When mine came through last week, I didn't get the usual Cash App notification - just saw it appear in my balance. Apparently there's something different about how they process government deposits vs regular transfers.

Tax filing is like following a recipe - miss one ingredient and the whole dish is ruined. I'd add one more tip that's saved me multiple times: File electronically and choose direct deposit. Paper returns are like sending your tax info into a black hole - they take 3-4 times longer to process and are 21 times more likely to contain errors according to the National Taxpayer Advocate. Last year my neighbor filed paper in February and didn't get his refund until September. Meanwhile, my e-filed return with direct deposit came through in 11 days.

Per IRS Procedure 2023-1, taxpayers should also consider whether they qualify for free filing options before paying for commercial software. According to IRC §6011(e)(3), the IRS Free File Program must be available to 70% of taxpayers based on AGI thresholds. I was impressed by your technical knowledge, especially regarding the substitute W-2 provisions. As a first-time filer, this list has been extremely helpful in ensuring I remain compliant with all applicable regulations.

This is a common point of confusion in tax filing. The Internal Revenue Code specifies that for Child Tax Credit eligibility, the qualifying child must not have attained the age of 17 by the close of the calendar year. This is codified in IRC Section 24(c)(1). Since your daughter turned 17 prior to December 31, 2023, she fails to meet the age requirement for the Child Tax Credit for tax year 2023. However, she likely qualifies as your dependent under the dependency rules, making you eligible for the Credit for Other Dependents (ODC), which provides a nonrefundable credit of $500. Additionally, if your daughter is pursuing higher education, investigate the American Opportunity Tax Credit or Lifetime Learning Credit, which have different age parameters.

I had this same issue last year with my son. Did you also check if you qualify for the Earned Income Credit? I remember the age requirements being different for that one, and I ended up getting more back than I expected because of it.