Why is my refund $2000 less when nothing changed on my end?I am a single, sahm, not head of house, but have a small business, and claim both my daughters. Please help!

Forum|Forum|3 years ago
January 6, 2023
4 replies
25 views

I have zero child tax credit showing up, I’m so mad! This is typically my income for the year and makes it so I can have my business please help me figure this out, it’s soul crushing.
I filed the same earned income last year?

DoninGA

Level 15

For tax year 2022 the Child Tax Credit is back to the original amounts of up to $2,000 per child under the age of 17.

Whereas for tax year 2021 the credit was $3,600 for a child under the age of 6 and $3,000 for a child age 6 through 17.

See this TurboTax support FAQ for the child tax credit - https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=lckzkrj8

bleakamieAuthor

Level 2

Well I believe I mis spoke as I am getting $0 for either of my dependents. So no child tax credit

DoninGA

Level 15

@bleakamie wrote:

Well I believe I mis spoke as I am getting $0 for either of my dependents. So no child tax credit

You must have at least $2,500 of taxable earned income to be eligible for the child tax credit. If you self-employment is your only income and the SE income has a net gain of less than $25,00 or a net loss then you are not eligible