The child tax credit (CTC) is allowed to reduce your tax to zero, but any balance is not refundable. You would not have any tax to reduce from the numbers you list.
You likely qualify for the additional child tax credit (ACTC) and you can check if that is on your tax return. The ACTC is a refundable credit.
Check line 28, Form 1040, to see if you have the ACTC or refundable portion listed. You should also see Form 8812 in your tax file.
By using the Tax Tools, you can take a quick review of your 1040:
To find Tools:
- Sign into your TurboTax account and open or continue your return.
- Select Tax Tools in the left menu.
- You'll find Tools beneath Tax Tools.
- Select View Tax Summary
- Select Preview My 1040 (left black panel)
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