HI, I’m just wondering why it’s not showing my child tax credit?

[Hal_Al · Accepted solution]

  That page in TurboTax is poorly worded. It didn't actually say you were getting a $4050 refund for each child. It just said you were getting a $4050 "tax break". That is, you are only getting a $4050 deduction from your income before tax is calculated (each dependent gets a $4,050 personal "exemption"). 

In particular, it did not say the $4050 was your Child Tax Credit or Earned Income Credit. Your total exemption amount ($4050 each for you, your spouse and each of your dependents) will be on line 26 of form 1040A or line 42 of form 1040.

The Child Tax credit is only a maximum of $1000 (many people get less) and will go to $2000 in 2018 (and be easier to Get).

Your income is probably too low.  The child tax credit  (CTC) is  limited to your tax liability. The CTC is a non-refundable credit and can only reduce your income tax to 0, It can not help you beyond eliminating your tax liability. But, if you have more than $3000 of earned income, some or all of it is usually given back to you thru the "Additional Child tax credit". That is, part of the CTC may be on line 43 of form 1040A instead of line 35 (lines 67 & 52 of form 1040).    In the on-line version of TT,  the  main Form 1040, 1040A or 1040EZ can be seen through Tools, View Tax Summary, Preview My 1040 or  go to Print Center and then choose to Preview. The ACTC is calculated on form 8812; that form is not viewable in the online version of TT until you have paid for your return. But, the ACTC is basically 15% of your earned income over $3000.

[Critter]

https://ttlc.intuit.com/replies/6517541

[amorang65]

Okay, it said i would get the child tax credit of 4,000 but it isn’t showing in my federal or state refund?

[Critter]

Did you Look at your tax return yet  to see the child-related /dependent credits you received....

What is on these lines ?  


Child Tax Credit 1040A  line 35   or    1040 line 49

Additional Child Tax Credit 1040A  line 43 or  1040 line 67

Child & Dependent Care Credit 1040A line 31 or   1040 line 49

Earned Income Credit 1040A line 42a  or   1040 line 66a




You can peek at only  the Federal form 1040 and the summary of the state info by going here:

1) lower- Left side of the screen...click to the left side of the "Tax Tools" text selection.
2)  then select "Tools"
3) then select "View Tax Summary" from the pop-up
4) then back to the left-side and "Preview 1040"

Then hit the "Back" on the left side to get back to your tax entries.

[xmasbaby0]

Child tax credit of $4000?  Are you confusing that with the $4050 personal exemption--which TurboTax called a "tax break?"  The $4050 lowers the amount of income you are taxed on.