- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
DoninGA is correct.
The Child Tax Credit is computed on IRS Schedule 8812 in your 2023 Federal 1040 tax return.
The Child Tax Credit will be found on line 19 of your IRS form 1040 tax return.
For 2023, you must have earned income of at least $2,500 to be eligible for the refund.
You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 (or $400,000 if you are filing a joint return).
The maximum amount of the child tax credit is $2,000; for the 2023 tax return, the refundable amount is $1,600 depending on your income. For 2023, you must have earned income (income from a job) of at least $2,500 to be eligible for the refund.
If your child is older than 16 at the end of 2023, you do not get the Child Tax Credit. But you may still qualify for the non-refundable $500 credit for other dependents instead.
See also here.
**Mark the post that answers your question by clicking on "Mark as Best Answer"