Child tax credit seems incorrect.

Forum|Forum|4 years ago
January 31, 2022
13 replies
63 views

I have 3 kids and TurboTax is telling me I get a $6,500 Tax Credit for them. One of the kids was 17 until 30-May-2021. I am thinking we should not claim this child as they do not qualify for the tax credit. None of the kids have paid for their living expenses if that matters. But I think something is wrong with the calculations.

xmasbaby0

Level 15

You do not get CTC for a child who turned 18 at any time in 2021. You only get it for children who were YOUNGER than 18 at the end of 2021.

That does not mean you cannot claim your child. You can still get the $500 credit for other dependents for claiming the child who is 18. You can still get the 3rd EIP for claiming him (if you did not already receive it) and you still get EIC if you qualify. And you get to enter his medical expenses if you itemize.

IRS interview to help determine who can be claimed:

https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent

https://ttlc.intuit.com/questions/3113432-who-can-i-claim-as-my-dependent

CREDIT FOR OTHER DEPENDENTS

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

lheAuthor

Level 2

Ok the child turned 18 May 30 2021 since he was born 2003. But Turbo Tax is showing a 6500$ credit for 3 kids. I only have 3 living with me. Maybe a bug?

There are no medical expenses he has been healthy despite everything going on in this world.

rjs

Level 15

So the $6,500 total credit is correct. You get the $3,000 Child Tax Credit for each child who was 6 through 17 at the end of 2021, plus the $500 Credit for Other Dependents for the child who was over 17 at the end of 2021.

lheAuthor

Level 2

The child in question turned 18 in may of 2021. So I am getting only 500$ from what was said. But TurboTax is telling me 2500. Seems like a bug in TT unless I am not understanding something here.

Oddly I have entered the two young siblings first as I was considering not claiming him so he could claim himself on his taxes.

JulieS

Level 15

The amount of $6500 for your dependents is correct. You get $3000 each for your two children between the age of 6 and 17. Your child who turned 18 counts for an Other Dependent credit of $500.

If you received Advance Child Tax Credit during 2021, your total credit will be reduced by the amount you already received.

You can not choose to not claim your 18 year old, but it will cost you $500. Your child can't claim themselves if they did not provide at least half of their own support.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"