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Child tax credit calculation

TurboTax is calculating child tax credit allowance per child as $500 per child, meanwhile IRS says it has to be $2000 per child. 

All kids are below the age of 17. All of them lived fully in the USA with me for the tax year, and all of them are permanent residents.

What is the confusion here ?

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4 Replies

Child tax credit calculation

Do your children have Social Security numbers?  If they only have an ITIN, you cannot get the CTC, but you can get the $500 credit for other dependents.

 

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-f...

**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.**

Child tax credit calculation

Yes, all kids have SSN

Child tax credit calculation

If all the kids have SSN and are under 17, then you must have entered something incorrectly in My Info for them. Sometimes it helps to delete the dependent and re-enter them so it makes you go through the screens again to answer the questions correctly.

**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.**

Child tax credit calculation

Thank you, I will try that

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