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After you file
If you are referring to the Child Tax Credit, your refund will not automatically include $2000 per child for child tax credits.
Here's how it works, the credit is used first to reduce your tax liability to zero. After that, there is a refundable portion (up to $1400) called the Additional Child Tax Credit that is calculated based on the amount of income you earned.
The child tax credit is reduced by $50 for every $1000 over these limits:
- Married filing jointly $400,000
- Single, Head of Household, Married Filing Separately or qualifying widower $200,000.
To claim the credit you son must have lived with you the whole year and he has a social security number. Also if your child turned 17 in 2019 you can still claim him as dependent but you will not receive the Child Tax Credit.
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‎January 30, 2020
8:35 AM