Deductions & credits

@mslaydiej - did you key in the $4000 of income? 

 

the rules in 2022 are VERY different than 2021. Infact, the rules in 2022 are the same as 2020.  

 

Look in Forms view - where you children are listed, the check box under 'child tax credit" should be checked.  if they are not that is where the problem is.  did you enter their social security numbers? indicate they lived with you for at least 6 months of the year?  there is poorly worded question that asks if THEY contributed more than 50% of their living expenses; the answer is 'no'. 

 

Otherwise, on $4000 of income, you are eligible for 15% of the income that exceed $2500.  So 15%* $1500 = $225.  That is what you are otherwise eligible for.  That reflects 2022 is VERY different than 2021.  look at the "additional child tax credit' on line 28 of Form 1040 - that is where the $225 should be reflected.  Line 19 should be zero...

 

does that help?