How much money do people who qualify get for child tax credit in 2018?

[SweetieJean]

Please change your screen name.

[xmasbaby0]

The increased child tax credit will be in effect for the 2018 tax return that you will prepare in 2019--next year.  For the 2017 return you are working on now, the CTC is $1000.

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.

[j0mike1993]

Who answered this? Child tax credits are refundable depending on your income. What that means is you can receive the full amount even if you have no tax due. On 1040 line 67 in the payments section you can receive the refund if your deductions exceed your tax above. We received the remainder of the child tax credit that we didn't receive on line 52 on line 67. Paid no tax and received a refund.

[SweetieJean]

The question asked about 2018, not 2017.

[SweetieJean]

<a rel="nofollow" target="_blank" href="https://www.fool.com/taxes/2018/01/09/the-2018-child-tax-credit-changes-what-you-need-to.aspx">https...>
And 100% is NOT necessarily refundable.

[Zbucklyo]

Starting in tax year 2018, the maximum credit per child is $2,000, compared to $1,000 in 2017.  However, you no longer can claim a personal exemption for a dependent in 2018.  Generally, people in higher marginal income tax brackets will be hurt by this change relatively speaking (the personal exemption was worth more to them than the increase in the child tax credit will be), and people in lower marginal tax brackets will be better off .