Child Tax Credit Question

Forum|Forum|7 years ago
June 1, 2019
6 replies
40 views

My wife and I work and we have 2 kids under the age of 6. Last year when I filed, I was able to receive $ from the child tax credit and it added to our total refund.

I started filing as soon as we received our 2016 W-2s this year and I see I'm supposed to receive a child tax credit, but once I was done with that section, it didn't increase the federal refund.

Here are my 2016 numbers -

Total gross income is $112,557, deductions are $12,600, taxable income is $83,757, total tax is $10,636, and total payments come out to $19,234. It results in a refund of $8,598.

Here are my 2015 numbers -

Total gross income is $114,721, deductions are $12,600, taxable income is $86,121, total tax is $10,169 (doesn't show total payments in Tax History). It results in a refund of $8,854.

Am I missing something here?

macuser_22

Alumni - Champ

You must be missing something. The CTC phases out at $110,000 so you would not get the entire amount, but should get a slightly reduced amount.

**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.**

macuser_22

Alumni - Champ

What does the CTC interview say? The CTC would be on line 35 of the 1040A or 52 on a 1040 - what is on that line?

**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.**

24JackBauerAuthor

Level 2

It's on a 1040. Line 52 says 1,850.

24JackBauerAuthor

Level 2

But it didn't increase the total refund. Last year's total refund increased when I entered in the data. This time it didn't.

macuser_22

Alumni - Champ

TurboTax automatically adds the CTC when you enter the child. Going through the CTC interview does not add it again if it was already there so the refund indicator would not change. It depends on the sequence of entering income and the child, but in most cases it is automatic whether you use the CTC interview or not.

**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.**

macuser_22

Alumni - Champ

Then you are getting the CTC. $1,850 is the correct amount for the figures that you gave.

**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.**