topic Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS says it has to be $2000 per child. What is the confusion here ? in Deductions & credits

Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS says it has to be $2000 per child. What is the confusion here ?

swordholder99 — Tue, 10 Feb 2026 09:18:54 GMT

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS says it has to be $2000 per child. What is the confusion here ?

DoninGA — Sun, 28 Jan 2024 17:37:24 GMT

If the child was older than 16 in 2023 they are not eligible for the child tax credit. They are only eligible for the Other Dependent credit of $500.

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS...

MinhT1 — Sun, 28 Jan 2024 17:38:00 GMT

The child tax credit is $2,000 per children for children aged under 17.

For children 17 or older, the Other Dependent Credit of $500 applies.

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS...

xmasbaby0 — Sun, 28 Jan 2024 17:44:45 GMT

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

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS...

swordholder99 — Sun, 28 Jan 2024 19:32:08 GMT

All my kids are below 17 years old.

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS...

JamesG1 — Sun, 28 Jan 2024 20:09:50 GMT

If all of the children are below 17 years old, the software is applying the $500 Credit for Other Dependents.

Do the dependent children have ITIN's or Social Security numbers? Dependent children with ITIN's do not qualify for the Child Tax Credit.

The qualifications for the Child Tax Credit are here.

@swordholder99

Re: Turbotax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS...

xmasbaby0 — Sun, 28 Jan 2024 20:13:10 GMT

@swordholder99 You have more than one thread going about this issue, and it is getting confusing for experts who are trying to help you. Please keep your related questions and posts in one thread.