Estimated CCB payment on TurboTax 2024 does not match online calculator by a lot?

I just completed my taxes for 2024. I have 2 kids, one gets the disability tax credit. My income went up by about $10,000 this year, for calculation purposes.

 

On TurboTax, it estimates my annual eligibility for CCB to be $2419.29 ($201.61 per month). The CRA's online calculator estimates it to be $5823.72 ($485.31 per month).

 

This discrepancy is quite concerning. I am just wondering why TurboTax would be that far off and if anyone else has experienced this?

Credits and deductions

For further information, the number provided by TurboTax actually matches the CRA's online calculator payment estimate for the Disability Tax Credit top-up for my daughter.

Credits and deductions

Are you using TurboTax Desktop or TurboTax Online? 

 

 

 

chillyb
New Member

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I am using the desktop version and have noticed this same issue as well.  When using the online calculator on the CRA website using my net income from this year, it estimates a total of $14,486.92 but in turbotax it shows estimated $3412 for the CCB.  Other years it has been calculated fairly close, but this year is showing a huge discrepancy despite my income only being slightly higher this year.

Credits and deductions

It is the Online version.

 

chillyb - I am kinda glad that it isn't only me because then maybe they have screwed up and we will get what the online calculator says and NOT what TurboTax says.

chillyb
New Member

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My Thoughts exactly! I'm glad someone else is reporting the same issue, it feels like its a turbo tax issue more than anything at that point and I likely didn't mess something up lol

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We are aware of this issue and it will be fixed soon. 

 

Thank you for your patience. 

munshedf
New Member

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can i file or i have to wait for the fix?

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@munshedf we suggest you to wait and we will post an update in this thread.

anaraine
New Member

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Do we have an ETA yet for this fix?