@Edlanier92 wrote:
You didn't answer my question....... you said everything I said in a longer copy paste format.
Why bother answering?
If you owe more than $2000 in taxes, you can get a $2000 credit. This is not what you owe at the end of the year, but your total tax liability. For example, if you had $5000 of withholding and expect a $1000 tax return, your tax liability was $4000. You should expect that by adding a child dependent, you would get the full $2000.
If you don't owe taxes because your income is too low, you can get up to $1700, but only if you have income from working. Income not from working (like investments or unemployment compensation) is not eligible for this credit even though it may be taxable.
View or print the PDF of your form 1040. If you listed a child who is eligible for the Child Tax Credit, you will see their name and SSN in the Dependent section and the box for Child Tax credit will be checked.
The amount of Child Tax Credit is on line 19. The amount of Additional Child Tax Credit is on line 28/
