104343
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Child credit went down

a few days ago my child credit was a little over $8000 and when i logged in today it dropped to only $1000. why did this happen and how can i get it to go back up? we are a low income family and really needed that money. Thank you
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Peggie
New Member

Child credit went down

I do not understand where the 8000 came from but lets start first with Child Tax Credit. You can receive a maximum Child Tax Credit of 1000 per child under age 17. There is also the EIC or Earned Income Credit that helps low-income families. The credit amount is determined by your income and the total number of children you have. This credit may add back in as you go thru completing your return as will any credit you may receive for childcare expenses as this information is filled in by you.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question