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Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

 
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6 Replies

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

Is any child older than 16 in 2017?
**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.**

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

or was born in 2017?

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

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 Personal Info that the child lived with you all year and that you entered the child’s SSN.

The child tax credit is reduced by $50 for every $1000 of AGI over these limits:

Married filing jointly                                                            $110,000

Single, Head of Household or qualifying widower               $75,000

Married Filing separately                                                      $55,000

*You can see the amount of the child tax credit you got on your Form 1040A on line 35; on Form 1040 line 52



If your child turned 17 in 2017, even on the last day of 2017, you do not get the child tax credit.  There are no exceptions to the rule.  You can still claim your child as a dependent.


https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

It is up to $1,000 per child, but cannot lower your tax liability to less than zero, It also phases out at high income levels.

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

Yes, but when the credit is exactly $2,000 it indicates that the phaseout is not occurring - it would be an unusual coincident for the phaseout for 3 children to be exactly 2 X $1000 for three qualifying children.
**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.**

Hi I have 3 kids is child tax credit a $1000 per child or less because all together it only says $2000 why? Please help me thanks

I agree. Sounds like one kid is over 16, or a newborn who didn't get counted.

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