KarenL4
Employee Tax Expert

Get your taxes done using TurboTax

Hi,

The Child Tax Credit in 2022 is not a refundable credit, so you can only use it to the extent you owed tax.  The Additional Child Tax Credit is a refundable credit (one you can get even if you don't owe taxes) but the amount of the credit that is potentially refundable is calculated by taking 15% of your earned income above $2,500. You get to claim the lesser of this calculated amount or your unused Child Tax Credit amount, up to $1,400 per qualifying child.   It sounds like this will not work for you for 2022.

Here is an article that will explain in more detail. 

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