Child tax credit

krisann126 — Sun, 09 Feb 2020 01:49:24 GMT

Why didnt i receive the child tax credit rather than the earned income credit?

Re: Child tax credit

xmasbaby0 — Sun, 09 Feb 2020 14:58:10 GMT

Did you earn at least $2500 in 2019? if not you cannot get any chid tax credit.

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. If your child was born in 2019 make sure you said he lived with you the whole year.

Your child-related credits are affected in a big way by how much income you earned by working. If you only earned a small amount of money in 2019 then you will not get a big refund.

Make very sure that you have entered every cent of income you received in 2019 in Federal>Wages and Income. Every 2019 W-2 and every 2019 1099 you received have to be entered on the same tax return.

Your earned income credit is based on how much you earned by working. There is a link below that you can use to see how much EIC you should be getting for the number of children you claimed under your filing status--Single, Head of Household or Married Filing Jointly. (If you file married filing separately you cannot get EIC)

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 $1400 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 child tax credit at all.

Look at your 2019 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 13a

Credit for Other Dependents line 13a

Earned Income Credit line 18a

Additional Child Tax Credit line 18b

Child and Dependent Care Credit line 18d

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

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

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

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit

topic Child tax credit in Get your taxes done using TurboTax

Child tax credit

Re: Child tax credit