- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
2022 Refundable Child Tax Credit Wrong in Intuit Tax Calculator??
"For 2022 Tax year, the Child Tax Credit can be worth as much as $2,000 per child; the refundable maximum is $1,500."
When I use Intuit Tax Calculator estimator, with an income of $20,000 (married filing jointly and two dependent children), I get a full refund of $4,000. Shouldn't it be $3,000? If I owe $1,000 (or more in taxes), I has expected an additional tax credit of $1,000 for the full $4,000 amount in refund & credit
In contrast, when I use the efile Tax Calculator on their website, I get no refund at all!?
Very confusing.. Should it be $0, $3,000 or $4,000 in refund at an income of $20,000 (married filing jointly and two dependent children)?
Topics:
‎December 11, 2022
1:42 PM