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Level 1
posted Apr 3, 2021 12:24:59 PM

Child tax credit not given

Why is is that I don't get the child tax credit?  I was on unemployment all year and had a negative income from the S-Corp I have.  System says I don't qualify

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1 Best answer
Level 15
Apr 3, 2021 2:02:46 PM

For the child tax credit of $2,000 per child.

The child must have been no older than 16 at the end of 2020.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 15)
If your taxable income is zero, then you are not eligible for any child tax credit.

1 Replies
Level 15
Apr 3, 2021 2:02:46 PM

For the child tax credit of $2,000 per child.

The child must have been no older than 16 at the end of 2020.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 15)
If your taxable income is zero, then you are not eligible for any child tax credit.