I am assuming you are talking about the Child Tax Credit?
The Child Tax Credit and Additional Child Tax Credit rules have reverted back to what they were. The rules for 2021, where everyone got $2,000 for their child if their income was under a certain level, no longer applies.
This means, that for this year, the nonrefundable Child Tax Credit will lower your tax liability down to $0. So if your tax liability on line 18 is $1,300, you would only be eligible for $1,300 of the Child Tax Credit.
After that, if you did not use it all up, you may still be able to get the Additional Child Tax Credit. This will not be more than 15% of your Earned income minus $2,500. So, if your Earned Income is $5,000, your Additional Child Tax Credit would not be more than $375 and you would not be eligible for the regular child tax credit as you would not have any tax liability.
You can look at line 28 of your 1040 to see if you received the Additional Child Tax Credit.
To see your 1040 select the following:
- Tools
- Tax Tools
- View Tax Summary
- Preview My 1040
If you are talking about something other than the Child Tax Credit, please respond with more information.
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