How do I claim a new child tax credit? It only shows a 136 dollars currently for my 2019 taxes.

Forum|Forum|5 years ago
October 14, 2020
4 replies
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macuser_22

Alumni - Champ

Sounds like your taxable income is not high enough for the full credit. (or it is so high that the credit phased out)

For the child tax credit of $2,000 per child.

The child must have been no older than 16 at the end of 2019.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 11a)
If your taxable income is zero, then you are not eligible for any child tax credit.

However, if you do not qualify for the Child Tax Credit, and if your earned income is greater than $2,500, you might be eligible for the Additional Child Tax credit. That amount is 15% of earned income greater then $2,500 up to a maximum of $1,400.

Too high of an income will reduce or eliminate the CTC also.
Married Filing Joint - $400,000
Single, Head of Household, or Married Filing Separate-- $200,000

The child tax credit will be reported on lone 13a on the 1040 form. Additional Child tax credit on line 18b on the 1040 form.

**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.**

Latinamammaz123Author

Level 2

Yes, I do qualify for the additional tax credit which comes out to $140 but I think I should qualify for the regular child tax credit because I made $3,500 of earned income. Maybe I’m wrong but if you can please let me know. Thank you!

macuser_22

Alumni - Champ

@Latinamammaz123 wrote:

Yes, I do qualify for the additional tax credit which comes out to $140 but I think I should qualify for the regular child tax credit because I made $3,500 of earned income. Maybe I’m wrong but if you can please let me know. Thank you!

If you only have $3,500 income then you have no tax liability to get a credit against.

Because the $3,500 is $1,000 over the$2,500 base then $140 of additional child tax credit would be about right.

**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.**