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Level 2
April 19, 2020
Question

1098-t

  • April 19, 2020
  • 1 reply
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My return was just rejected because turbotax states that the child earned credit was wrong and I needed to uncheck one of my dependents who is 18 and in college.  The software seems to have done this automatically and as a result my sons 1098-t info now states he is not eligible for the credit.  Why he is only in his second year.  Turbo tax says he is not eligible although he was in the first year and this credit is for four years.  What gives?

 

    1 reply

    macuser_22
    Alumni - Champ
    Alumni - Champ
    April 19, 2020

    Exactly what dies the reject say?

     

    There is no such thing as"child earned credit".   There is Child tax Credit,  and Earned Income Credit.

     

    What does it actually say and what is the reject code?

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    Carl
    Level 11
    Level 11
    April 19, 2020

    The two credits, child tax credit and earned income credit have age limits. I can't recall which is which. But for one of the credits the child must have been under the age of 13 on Dec 31 of the tax year, and for the other credit under the age of 17. I doubt your collage student qualifies you for either credit.

     

    macuser_22
    Alumni - Champ
    Alumni - Champ
    April 19, 2020

    @Carl11_2 wrote:

    The two credits, child tax credit and earned income credit have age limits. I can't recall which is which. But for one of the credits the child must have been under the age of 13 on Dec 31 of the tax year, and for the other credit under the age of 17. I doubt your collage student qualifies you for either credit.

     


    Under age 13 is Dependent Care Credit.   EIC is the same as a Qualifying Child dependent (Under 19 or under 24 if a full-time student).    Child tax Credit is under 17.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**