I live in a foreign country and I don't have to pay US taxes since I pay taxes in the foreign country. I was under the impression that even though I don't pay taxes I still should get money for each dependent listed on my tax return. But TurboTax says I'm not eligible.
Can anyone explain why?
Do I have to live in the US for half a year to get the money?
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https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
To be eligible for advance payments of the Child Tax Credit, you (and your spouse, if married filing jointly) must have:
And you (and your spouse, if married filing jointly) must also have:
@Sam613613 - in 2021, the child tax credit (the $3600 / $3000) is as xmasbaby0 explains. So since you and the children did not live in the US for at least 6 months , you are not eligble for that.
but the 'old rules' (pre-2021) were still in effect for those not eligible for the 2021 version noted above (and those pre-2021 rules are back in effect for 2022). But they are non-refundable credits, meaning if you did not have a tax liability, there is no child credit (the $2,000) under these rules either
@Sam613613 wrote: "I live in a foreign country and I don't have to pay US taxes since I pay taxes in the foreign country."
Wrong. If you're a U.S. citizen, the foreign tax credit may reduce your U.S. tax liability, but the fact that you live abroad does not in itself relieve you of the obligation to file a U.S. tax return nor to pay U.S. income tax.
Thanks
I spoke to an accountant. He said that if I want to get money back for dependants, I have to use the Foreign Tax Credit (FTC) and not use the Foreign Earned Income Exclusion (FEIE).
And thanks xmasbaby0 for the link that explains it:
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