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I am noticing that my 2022 child tax credit was not correct, how so I get adjustment on my 2023?

 
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2 Replies
Vanessa A
Expert Alumni

I am noticing that my 2022 child tax credit was not correct, how so I get adjustment on my 2023?

You cannot make the adjustment on your 2023 return.  In order to make corrections to your 2022 return you will need to follow the instructions in this link to Amend Your Return for 2022. 

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Hal_Al
Level 15

I am noticing that my 2022 child tax credit was not correct, how so I get adjustment on my 2023?

What makes you think  that your 2022 child tax credit was not correct? Many people think they automatically get $2000 per kid (some think they should get $3000 [$3600m for under 6}, which was Covid related for 2021 only). That's not how it works.

 

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 $2500 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 28 of form 1040 (2021- 2023) instead of line 19. The  ACTC is calculated on form 8812 and  is basically 15% of your earned income over $2500. The ACTC is a maximum of $1600 (2023) ($1500 for 2022) per child, not $2000.

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