It states that I have paid more taxes then were due and I would be getting a refund.
It says I qualify for the $2,000 Child tax credit; however my total return is only showing $900.
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The CTC is used first to reduce the tax you owe. Any amount left over can be part of the refundable Additional Child Tax Credit that appears on line 28.
The rules for getting the child tax credit on a 2021 tax return and now on a 2022 return are very different. For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work. That is NOT the way it will work for your 2022 tax return. The “old” rules are back. The maximum amount of the child tax credit is now $2000; the refundable “additional child tax credit” amount is $1500. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500. If your child is older than 16 at the end of 2022, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.
https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit
Look at your 2022 Form 1040 to see the child-related credits you received
PREVIEW 1040
https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing
Child Tax Credit line 19
Credit for Other Dependents line 19
Earned Income Credit line 27
Additional Child Tax Credit line 28
Hi,
Mine is showing up the same too, just the refund but without the child tax credit amount. Me and my wife file jointly and we do qualify with our daughter. Weird, but I figure I’ll have to contact the IRS or TurboTax if that error is not caught. We do not owe taxes and file on time every year. Weird.
The tax laws changed for child-related credits and are much less generous for 2022.
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2022 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.
Have you entered income from working in 2022? If not, you will not receive an income tax refund based on having dependent children.
The rules for getting the child tax credit on a 2021 tax return and now on a 2022 return are very different. For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work. That is NOT the way it will work for your 2022 tax return. The “old” rules are back.
The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1500. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500 per child.
If your child is older than 16 at the end of 2022, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.
https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit
Look at your 2022 Form 1040 to see the child-related credits you received
PREVIEW 1040
https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing
Child Tax Credit line 19
Credit for Other Dependents line 19
Earned Income Credit line 27
Additional Child Tax Credit line 28
I have entered in everything you’ve mentioned. Me and my wife have qualifying income, we have entered my daughter SSN, and again we do not owe back taxes. I qualify for the CTC but it does not show the refundable portion on the return, it’s weird but hopefully it is corrected on the IRS end, if not it will definitely be amended. Shouldn’t have to go through that but yeah.
My children qualify for the $4000 (I have 2 kids) and I don't see it showing up on my total either for my taxes. Everywhere I check I'm told we're approved for the CTC but, its nowhere to be seen...
@Graymama wrote:
My children qualify for the $4000 (I have 2 kids) and I don't see it showing up on my total either for my taxes. Everywhere I check I'm told we're approved for the CTC but, its nowhere to be seen...
The child tax credit is not a separate tax refund. It is included in your federal tax refund or it has reduced the amount of taxes owed.
Look on your tax return Form 1040 on Line 19 and on Line 28.
Using the TurboTax online editions -
Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
Mine is doing the same thing. Did you ever get anything figured out. Everyone I ask keeps saying the same things. It’s this way to be eligible etc etc, and make sure everything is entered in correctly. I’m eligible and have everything correct but it’s not showing up. Is there anything showing up for the additional child tax credit at all…? Idk what going on but I think somethings just messed up with the whole child tax credit bc other ppl I have spoke with are having the same issue. Don’t wanna have to amend though.
You need to have taxable income to receive the child tax credit. It may be that your income is too low to qualify for the credit.
You may qualify for the "additional child tax credit" if you don't qualify for the normal credit of $2,000 per child.
You can see a summary of your tax return while in TurboTax by doing the following:
1. Find the "Tax Tools" option on your left menu bar and click on it
2. Click on "Tools"
3. Click on "View Tax Summary"
This will allow you to see if you have any income tax or credits.
These links will provide more information:
currently having issues with this. What is the solution?
I suggest you see what is posted to your tax return.
From the left sidebar
Some Key numbers: See lines 19 & 28
The Child Tax Credit is based on the amount of tax that you owe. If the credit exceeds your tax liability, you may be getting the Additional Child tax credit.
The maximum tax credit per qualifying child is $2,000. This will offset any taxes you may owe.
If you don’t owe any taxes, you still may qualify for the additional child tax credit. This can be up to $1,700 per qualifying child.
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2024 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.
Have you entered income from working in 2024? If not, you will not receive an income tax refund based on having dependent children.
The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700. In order to get that credit, you have to have income from working.
Take the amount you earned from working. Subtract $2500. Multiply the rest by 15%. That is the additional child tax credit per child that you can get—- up to the maximum of $1700 per child. If the amount you earned from working was low, you will not get the full $1700 per child.
If your child is older than 16 at the end of 2024, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.
And for the Earned Income Credit—-
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
https://www.irs.gov/pub/irs-pdf/p596.pdf
Look at your 2024 Form 1040 to see the child-related credits you received
PREVIEW 1040
Child Tax Credit line 19
Credit for Other Dependents line 19
Earned Income Credit line 27
Additional Child Tax Credit line 28
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