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Deductions & credits
Q. We have no reportable income, but have 3 kids. TurboTax is saying we don't qualify for the Additional Child Tax Credit, but all other sources say we do. What gives?
A. What gives is simply that "all other sources" are wrong. You must have earned income to get the refundable Additional Child Tax Credit. Even then, it's not $2000 per child. As others have pointed out, you were probably reading stuff referring to the one time only 2021 rules for the Additional Child Tax Credit.
‎January 21, 2024
2:35 PM
759 Views