Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:39:19 PM

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.

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

0 4 300
4 Replies
Level 9
Jun 4, 2019 7:39:20 PM

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.

New Member
Jun 4, 2019 7:39:22 PM

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

Level 15
Jun 4, 2019 7:39:23 PM

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

New Member
Jun 4, 2019 7:39:24 PM

@VolvoGirl thank you