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Colorado child tax credit says not eligible even though we meet all the requirements. Child is under 6, and AGI is under 85k after IRA contribution. why is it not giving?

Was just over 85k AGI after everything on federal standard deduction and child credit there. Colorado says not eligible. Doesn't say why. Seems like we meet the rules after making a Traditional IRA contribution to lower AGI.
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1 Reply
JohnW152
Expert Alumni

Colorado child tax credit says not eligible even though we meet all the requirements. Child is under 6, and AGI is under 85k after IRA contribution. why is it not giving?

If your income was just over $85,000 after your federal standard deduction, it would have been well above that before the standard deduction.  Since your federal AGI is the amount before the standard deduction -- see line 11 of Form 1040 -- this would seem to be disqualifying the credit.

 

See Section B: All Filers Complete This Section and the instructions for Colorado Form DR 0104CN for more information.

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