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Level 2

Question

CTC

Forum|Forum|5 years ago
March 25, 2021
1 reply
4 views

My child turned 17 in Nov of 20. As I’m filling out my taxes, I’m only seeing a $500 CTC for her. Under the new rule for this year, I should be able to fully claim her up to $3000, right? I’m confused why the program isn’t allowing the full credit

TurboTax Deluxe Online

Alumni - Champ

The increased Child Tax Credit is not retroactive to 2020. Rather, it takes effect with the 2021 tax year (returns filed in early 2022).

Tldrone30 Author

Level 2

So confusing. Thank you!