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brigs
Returning Member

Credit for Other instead of Child tax credit

I just checked the status of our child tax payment and the irs website said "not eligible". We definitely qualify, so I just looked at my tax return and noticed an "x" on the "Credit for other dependents" instead of "Child tax credit". I tried to amend our return online and spoke with a turbotax rep that said we didn't qualify for the child tax credit bc of EIC? That doesn't seem correct. My husband and I made well under the $150k married filing jointly requirement. Anyone else having this issue? I thought maybe I didn't click the right box when filing, but when I go back to amend, I am not seeing an option to change to the child tax credit for my dependent. 

7 Replies
VolvoGirl
Level 15

Credit for Other instead of Child tax credit

You must have answered a question wrong when you entered your child under My Info.  Was he born in 2020?  How old is he?  

brigs
Returning Member

Credit for Other instead of Child tax credit

I tried to go back and check his info and see where I messed up, but didn’t see anything odd. He was born in 2018 

macuser_22
Level 15

Credit for Other instead of Child tax credit

A common error is answering YES to the support question.   It does not ask if YOU supported him, it is asking if the child supported himself  so the answer must be NO.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
brigs
Returning Member

Credit for Other instead of Child tax credit

 I just went back and checked and I did answer No to that questions. Thanks for the suggestion though. 

macuser_22
Level 15

Credit for Other instead of Child tax credit

Then you should totally delete the dependent and re-enter to reset everything.  Be sure to say the child lived with you "the whole year" and reenter the date of birth.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
brigs
Returning Member

Credit for Other instead of Child tax credit

Ok, I’ll try that. So I would do an amend by deleting my current dependent info then reentering it to see if the child tax is an option? 

macuser_22
Level 15

Credit for Other instead of Child tax credit

You only amend if you already filed and it was accepted. 

 

Whether you are filing the original tax return or have file and are amending and started the amend process, then deleting and re-entering a dependent is the same.

=========================================

For the child tax credit of $2,000 per child.

The child must have been no older than 16 at the end of 2020.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 15)
If your taxable income is zero, then you are not eligible for any child tax credit.

However, if you do not qualify for the Child Tax Credit, and if your earned income is greater than $2,500, you might be eligible for the Additional Child Tax credit. That amount is 15% of earned income greater then $2,500 up to a maximum of $1,400.

Too high of an income will reduce or eliminate the CTC also.
Married Filing Joint - $400,000
Single, Head of Household, or Married Filing Separate-- $200,000

The child tax credit will be reported on lone 19 on the 1040 form. Additional Child tax credit on line 28 on the 1040 form.

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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