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Level 1
January 20, 2023
Question

Turbo stated that I qualify for the child and other dependent tax credits. It says that my return already includes this $4,500 credit. My refund shows under $4,500.

  • January 20, 2023
  • 2 replies
  • 9 views
My refund is currently reading under $4,500 and did not increase since only entering my W-2.

2 replies

VolvoGirl
Level 15
January 20, 2023

Then if you didn't have the credit you would have a tax due.  

Level 15
January 20, 2023

Credits reduce the tax you owe first.   And if they are refundable credits then you get some of it as a refund if you do NOT owe. 

 

 

Look at your 2022 Form 1040 to see the child-related credits you received

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

**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.**