Can someone tell me if they heard or know anything about Trump supposedly giving an additional $1400 per child. I was informed today there was.

[DAKRISTA2]

I usually keep up to date on this stuff but I guess I missed this one.

[Zbucklyo]

Trump didn't do anything other than sign a bill passed by the Republican Congress.  The bill eliminated a personal exemption and deduction for child dependents, but increased the child tax credit from $1,000 to $2,000.  Of the $2,000 credit, up to $1400 is refundable, meaning that even if you owe no tax you might still qualify for a credit.

And, as Volvogirl indicates, the change in the credit is not applicable for the 2017 tax return; this won't start until tax year 2018.

[DAKRISTA2]

@Zbucklyo  thank you very much that is what i thought. I was told different today. I was in a debate lol

[VolvoGirl]

And it starts in 2018.  So it will be on your 2018 tax return you file in 2019.

[DAKRISTA2]

@VolvoGirl thank you