Vanessa A
Employee Tax Expert

Get your taxes done using TurboTax

Did you have less income this year than last  year?    A change in income would affect your child tax credit.  

 

The nonrefundable  Child Tax Credit  will lower your tax liability down to $0 but not result in a refund.  So if your tax liability on line 18 is $1,300, you would only be eligible for $1,300 of the Child Tax Credit.

 

After that, if you did not use it all up, you may still be able to get the Additional Child Tax Credit.  This will not be more than 15% of your Earned income minus $2,500.  So, if your Earned Income is $10,000, your Additional Child Tax Credit would not be more than $1,125.

 

You can look at line 28 of your 1040 to see if you received the Additional Child Tax Credit. 

 

To see your 1040 select the following:

  • Tools
  • Tax Tools
  • View Tax Summary
  • Preview My 1040

You should also check your dependents to be sure they all qualify for the Child Tax Credit.  You can see this by looking at the Dependents section of your 1040 and seeing if there is a check mark by their name under the Child Tax Credit column. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"