Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ANGELCHAT337
New Member

I have 3 kids which I thought was $1000 credit each. But Line #35 for child credit only shows $2800? why not $3000?

 
1 Best answer

Accepted Solutions
xmasbaby0
Level 15

I have 3 kids which I thought was $1000 credit each. But Line #35 for child credit only shows $2800? why not $3000?

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

2 Replies
xmasbaby0
Level 15

I have 3 kids which I thought was $1000 credit each. But Line #35 for child credit only shows $2800? why not $3000?

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
BobinCT
Level 7

I have 3 kids which I thought was $1000 credit each. But Line #35 for child credit only shows $2800? why not $3000?

Look at line 67.  You may be getting an additional child tax credit of $300.

Dynamic AdsDynamic Ads
Privacy Settings
v