Deductions & credits

If you were eligible for the child tax credit on a 2023 tax return, it was shown on lines 19 and 28 of your Form 1040.  When you entered your child(ren)  under the age of 17 as a dependent and entered your income from working, it was added automatically.

 

ENHANCED CHILD TAX CREDIT BILL

 

There are currently a number of websites incorrectly saying that there will be advance child tax credit payments being issued in July 2024.  Sorry—-this is untrue.   There was a bill in Congress to enhance the child tax credit.  It has not passed.  The bill was voted down in the Senate on 8-1-2024,

 

There are no monthly advance child tax credit payments for 2024.   In tax year 2021 ONLY there were advance CTC payments sent from July 2021 to December 2021.  There were no such payments in 2022, 2023, and no such payments being sent for 2024.

 

 

As of now, the child tax credit for 2023 is still $2000, with a refundable “additional child tax credit “ amount of up to $1600.

 

 

Look at your 2023 Form 1040 to see the child-related credits you received

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

 

 

 

 

**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.**