in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
We earn around 65k in 2017, filing jointly. Our daughter was born in 2015, and our son was born 8/3/17. Turbo tax says we are only getting 1k back for our kids. Does this sound right?
You'll need to sign in or create an account to connect with an expert.
CHILD TAX CREDIT
The child tax credit can only reduce your tax liability down to zero. It is not a refund. If you have no tax due, then you may not receive the full amount of the $1000 Child Tax Credit
If your child turned 17 at any time during 2017, then you will not receive the child tax credit.
If you are claiming the Child Tax Credit for a child who was born in 2017, make sure you said in My Info that the child lived with you all year and that you entered the child’s SSN.
CHILD TAX CREDIT
The child tax credit can only reduce your tax liability down to zero. It is not a refund. If you have no tax due, then you may not receive the full amount of the $1000 Child Tax Credit
If your child turned 17 at any time during 2017, then you will not receive the child tax credit.
If you are claiming the Child Tax Credit for a child who was born in 2017, make sure you said in My Info that the child lived with you all year and that you entered the child’s SSN.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17629853763
New Member
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
HollyP
Employee Tax Expert
smsecretagentman
New Member
HollyP
Employee Tax Expert
HollyP
Employee Tax Expert