Assuming that you meet all the requirements of the credit, the Child Tax Credit may have been limited. In 2024, the tax credit will be refundable only up to $1,700, depending on your income.
You must have earned income of at least $2,500 to be eligible for the refund.
Are you able to view the tax return and see what credit was received and how the credit was calculated?
The Child Tax Credit is computed on Schedule 8812 Credits for Qualifying Children and Other Dependents.
The Child Tax Credit is reported on line 19 of the Federal 1040 tax return. The Additional Child Tax Credit is reported on line 28 of the Federal 1040 tax return.
On your 2024 tax return, you can claim the Child Tax Credit for each qualifying dependent child on your return. You can get up to $2,000 for each child under age 17 if your modified adjusted gross income (AGI) is less than:
- $400,000 if you're Married Filing Jointly or a Qualifying Surviving Spouse, or
- $200,000 for all other filing statuses
If your AGI is higher than that, the amount of Child Tax Credit you're eligible for is reduced by $50 for each $1,000 your modified AGI is above the income threshold. For example, if you're Married Filing Jointly making $401,000, you’re eligible for a total credit of $1,950.
To qualify, your child must meet all these requirements:
- Be under age 17 at the end of the tax year
- Is your child, stepchild, foster child, adopted child, sibling, step sibling, half sibling, or a descendant of any of them (for example, a grandchild, niece, or nephew)
- Has their own Social Security Number
- Children with ITINs don't qualify, but may instead be eligible for the $500 Credit for Other Dependents
- Lived with you for more than half the year
- Did not support themselves (did not pay more than half their own expenses)
- Is a U.S. citizen, U.S. national, or U.S. resident alien
- Residents of Canada or Mexico do not qualify
If your child is older than 16 at the end of 2024, you do not qualify for the Child Tax Credit. But you may qualify for the non-refundable $500 credit for other dependents instead.
What is the Child Tax Credit?
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