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kabim817
New Member

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

 
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Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

You did not earn enough to get the full amount of CTC.  The child tax credit is used to reduce your tax liability to zero--and you have no tax liability.  The amount of your income above $2500 is multiplied by 15% to calculate your Additional Child Tax Credit that will appear on Form 8812.

Look at your 2018 tax return to see the child-related /dependent credits you received:

Child tax credit line 12a

Additional Child Tax Credit line 17b   (schedule 8812) 

Credit for Other Dependents line 12a

Earned Income Credit (EIC) line 17a

Child and Dependent Care Credit line 12     (comes from Schedule 3 Form 2441)


The dependents you listed are on the first page of your Form 1040 below your address.


https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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5 Replies

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

How much did you earn in 2018?  Did you have a child who turned 17 in 2018?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
kabim817
New Member

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

I made less in 2018 than the year before, and neither of my children are that old.

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

What is in box 1 of your W-2?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
kabim817
New Member

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

6456.32

Can someone please explain why I am receiving less on the child tax credit this year? Thank you in advance :)

You did not earn enough to get the full amount of CTC.  The child tax credit is used to reduce your tax liability to zero--and you have no tax liability.  The amount of your income above $2500 is multiplied by 15% to calculate your Additional Child Tax Credit that will appear on Form 8812.

Look at your 2018 tax return to see the child-related /dependent credits you received:

Child tax credit line 12a

Additional Child Tax Credit line 17b   (schedule 8812) 

Credit for Other Dependents line 12a

Earned Income Credit (EIC) line 17a

Child and Dependent Care Credit line 12     (comes from Schedule 3 Form 2441)


The dependents you listed are on the first page of your Form 1040 below your address.


https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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