pandastaxes21
New Member

Will I get the expanded CTC for my dependent under new law if I claimed the standard deduction on my tax return?

I’m referring to the child tax credit advance payments starting in July. I claimed her as a dependent but didn’t make enough money to claim the child tax credit
DMarkM1
Expert Alumni

Get your taxes done using TurboTax

Yes, the language in the new law with respect to the advanced Child Tax Credits indicate the $2,500 earnings floor is removed and the credit is fully refundable.  This allows the lower income taxpayers to take advantage of this provision.

 

 

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pandastaxes21
New Member

Get your taxes done using TurboTax

Thank you for your reply that was very informative. I was having trouble understanding the language of the temporary expansion of the CTC so I wanted to clarify that. Again I appreciate it! Have a good one!