My daughter isn’t even 2 yet why am i only receiving $1,000 back for her when I have her full time

Forum|Forum|6 years ago
February 7, 2020
3 replies
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xmasbaby0

Level 15

Your child-related credits are affected in a big way by how much you earned by working. If you would like to tell us what is in Box 1 of your W-2 we can help you understand your refund.

**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.**

linaj20201

Level 14

Your Child-related tax credits are phased out could be because you make too much money.

The Child Tax Credit is reduced if your modified adjusted gross income (MAGI) is above certain amounts, which are determined by your tax-filing status.

In 2017, the phase out threshold is $55,000 for married couples filing separately; $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for married couples filing jointly. For each $1,000 of income above the threshold, your available child tax credit is reduced by $50.

Beginning in 2018, the phaseout of the credit begins with $200,000 in income ($400,000 for married filing jointly).

For more information, click here Child Tax Credit.

You can also consider our new product / features TurboTaxLive to file your 2019 taxes. Once you complete your taxes, before you file, you’ll be given the option for a final review of your return by one of our tax professionals. After they completed reviewing your return, they’ll inform you of any proposed changes.

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