2020 Child Tax Credit is now $3000 per child up to age 17 but my tax return for 2020 is only showing $500 per child. How can I fix this? My children were 17 in 2020.

[Critter-3]

Sorry but that new rule is ONLY for the 2021 tax returns you will file NEXT year and not the current 2020 return.  

[TaxTim1]

@Critter-3 is correct in that there will be an increase in the child tax credit in 2021. However, it appears that due to the age of your children you are not receiving the child tax credit but the Credit for Other Dependents in the amount of $500. Check out the link below it will provide some useful information regarding the Child tax credit.

https://turbotax.intuit.com/tax-tips/family/child-tax-credit/L9ZIjdlZz

This link provides guidance on the Credit for Other Dependents.

https://ttlc.intuit.com/community/children-dependents/help/what-is-the-500-credit-for-other-dependen...

Hope this helps.

[DawnC]

Beginning in tax year 2021(the taxes you file in 2022) the Child Tax Credit will be expanded. The bill increases the amount that families claiming the Child Tax Credit receive from $2,000 to:

• $3,600 for each child under 6
• $3,000 for each child age 6-17**

**For tax purposes, the age of your dependents is their age as of Dec. 31.   For tax year 2020, the Child Tax Credit is $2000 per child under the age of 17.   The child has to be 16 or less as of Dec 31, 2020 to qualify.   If they turned 17 during 2020, they won't qualify you for the Child Tax Credit.   Children that were 17 and older as of 12/31/2020 will qualify you to receive the $500 Credit for Other Dependents.  

What is the Child Tax Credit?