Yes, If you qualify for the additional Child tax credit, TurboTax will automatically calculate and apply both the Child Tax Credit and the Additional Child Tax Credit.
Please take a look at your return.
The Child Tax Credit has a limit of up to the amount of tax that you owe.
However, there is an Additional Child Tax Credit that appears elseward on your tax form.
You can preview your tax return by going to:
Some key numbers on your 1040 tax return are:
Line 19 - Child Tax Credit
Line 25 - Additional Child Tax Credit.
If I've misunderstood your question, and this does not completely answer it, please contact us again and provide some additional details.
They are really part of the same thing. The child tax credit is $2000. First the credit is used to reduce your tax liability. Once your tax owed is down to zero---whatever is left of the $2000 can be used as the "additional child tax credit" and that part---up to $1600 --- can be added to your refund. But....that addtional amount is calculated based on how much you earned by working.
The 2021 child-related credits were very generous. Lots of people are still being taken by surprise when they find out the credits for 2022 and 2023 are lower than they were for 2021.
The tax laws changed for child-related credits and are much less generous for 2022 and 2023.
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2023 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.
Have you entered income from working in 2023? If not, you will not receive an income tax refund based on having dependent children.
The rules for getting the child tax credit on a 2021 tax return and now on a 2023 return are very different. For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work. That is NOT the way it will work for your 2023 tax return. The “old” rules are back.
The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1600. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1600 per child. If the amount you earned was too low, you will not get the full $1600.
If your child is older than 16 at the end of 2023, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.
https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit
And for the Earned Income Credit—-the rules are back to the “old” rules—
Those under 25 and over 65 without children are not eligible as they were uniquely in 2021. And you cannot use your income from any earlier tax year to get the EIC for a 2022 return. There is no “lookback” for 2023. EIC for 2023 will be based on the income you earned by working in 2023.
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
Look at your 2023 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 19
Credit for Other Dependents line 19
Earned Income Credit line 27
Additional Child Tax Credit line 28