Deductions & credits

@Bartholomew90 In a private message you shared that there was a typo and that you really meant you "barely" started working.   So if the question is whether you can get the refundable child tax credit if you only worked a little bit ----then we would need more details.   You have to earn at least $2500 to get the refundable child tax credit.  But if you only earned a small amount over $2500, then your credit would be very low.   In order to get the full amount of up to $1600 you must earn more than the minimum of $2500.   Here is how the refundable amount is calculated:

 

 

The child tax credit is a credit of UP to $2000, but not everyone gets the full amount.  First the credit is applied to any tax you owe.  Then the "refundable" amount of up to $1600 ( $1700 for 2024)  is calculated.  Look at box 1 of your W-2.  Subtract $2500 from that.  Then take that number and multiply by 15%.  That is your refundable amount --or "additional child tax credit" amount.   If you did not earn at least $2500 you cannot get any additional child tax credit at all.

 

 

And for earned income credit:

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**