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After you file
There may be a few reasons why the child tax credit did not show on the return. First, For 2022, 2020, and earlier tax years, the Child Tax Credit is nonrefundable; if your credit exceeds your tax liability, your tax bill is reduced to zero, and any remaining unused credit is lost. However, you may be able to claim a refundable Additional Child Tax Credit for the unused balance.
- Up to $1,500 per qualifying child in 2022 is refundable with the additional child tax credit
- You can find out if you're eligible for this refundable credit by completing the worksheet in IRS Form 8812
The child must also meet the following requirements:
- Under the age of 17
- you provided more than half the support
- qualify as a dependent
- be a U.S. citizen, a U.S. national, or a U.S. resident alien
- must have lived with you for more than half of the tax year
- Income must meet the following requirements
- For tax years 2022 and 2018 through 2020, the credit phaseout begins with $200,000 in income ($400,000 for married filing jointly).
- In 2017, the phase-out threshold is $55,000 for married couples filing separately; $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for married couples filing jointly. For each $1,000 of income above the threshold, the available child tax credit was reduced by $50.
If you meet all the requirements and the credit was not applied, you can file an amended return to add the credit. To amend your return, follow these steps in TurboTax:
- Sign in to TurboTax
- On the home screen, scroll down to Your tax returns & documents and select the year you want to amend
- Select Amend (change) return, then Amend using TurboTax Online
- If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax CD/Download below instead
- On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue
- When you reach Here's the info for your amended federal return, select Start next to the info you need to change
- Continue through the screens, make the changes you need to make, and carefully answer the remaining questions to finish amending your return
For more information, see the links below:
How do I amend my federal tax return?
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March 29, 2023
12:59 PM