topic Child tax credit in Deductions & credits

Child tax credit

katrinahall17 — Sat, 01 Jun 2019 04:36:03 GMT

Why is the amount for my son only 1,000; when in the past, it has been more

1,000 is the max. It was the same last year. Are you th...

VolvoGirl — Sat, 01 Jun 2019 04:36:04 GMT

1,000 is the max. It was the same last year. Are you thinking of the $4,050 exemption for each dependent?

Possibly. I received over 3,000 for my son last year and...

katrinahall17 — Sat, 01 Jun 2019 04:36:06 GMT

Possibly. I received over 3,000 for my son last year and over 2,000 from my employer. I do not remember the exact numbers. Like, the flyers tax preparers mail to you when the amounts per child you can receive back?

Have no idea what amounts you are thinking of, especially...

VolvoGirl — Sat, 01 Jun 2019 04:36:09 GMT

Have no idea what amounts you are thinking of, especially from your employer?? Maybe the Child Care Credit?

The child tax credit can only reduce your tax liability d...

xmasbaby0 — Sat, 01 Jun 2019 04:36:13 GMT

The child tax credit can only reduce your tax liability down to zero. It is not a refund. If you have no tax due, then you may not receive the full amount of the $1000 Child Tax Credit

If your child turned 17 at any time during 2016, then you will not receive the child tax credit.

If you are claiming the Child Tax Credit for a child who was born in 2016, make sure you said in Personal Info that the child lived with you all year and that you entered the child’s SSN.

Maybe you are confusing this with earned income credit?

When you enter your dependents and your income into your tax return, TT automatically calculates the child tax credit, additional child tax credit, and includes EIC if you qualify for it. So if you qualified for EIC it is already showing in your refund. If you do not understand the amount of EIC you are receiving, please look at the chart for EIC—look for the number of children you claimed and your income, and you will see how much EIC you are supposed to be getting.

There is a table that starts on page 30of IRS publication 596 regarding EIC and the amount you can receive for your earned income:

www.irs.gov/pub/irs-pdf/p596.pdf

The amount of EIC you are receiving can be seen on your tax return:

1040EZ on line 8a

on 1040A line 42a

on 1040 line 66a