I made $104,000 last year and I have 1 dependent. It looks like I qualify for the additional child tax credit, to refund $1600, how do I claim it?

Forum|Forum|2 years ago
January 30, 2024
13 replies
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TurboTax Deluxe Online

Best answer by Hal_Al

The 2,000 credit got used up on line 19 so there's nothing left for the additional amount.

Ignore the refund meter, at the top of your screen, and wait til you get finished. Then look at your form 1040. If there is less than $2000 on line 19 (CTC), the rest will be on line 28 (ACTC). But, at $104K income, there will usually be $2000 on line 19.

DoninGA

Level 15

If you are eligible it will be included in your federal tax refund. You only need to complete your tax return.

The Additional Child Tax Credit will be on your Form 1040 Line 28

paulinabaker95Author

Level 2

So, the credit will not show up when I am doing my taxes on TurboTax?

DoninGA

Level 15

@paulinabaker95 wrote:

So, the credit will not show up when I am doing my taxes on TurboTax?

It will be shown to you in the My Info section of the program after you have completed entry of your dependents. It will indicate you are eligible for the child tax credit if you entered the dependent child correctly. Although, it also depends on your Adjusted Gross Income and your filing status, so you need to complete the income and deductions sections.