You'll need to sign in or create an account to connect with an expert.
Possibly. Each state has different rules for child credits. The following guidelines are for the federal Additional Child Tax Credit.
The Additional Child Tax Credit (ACTC) can make at least a portion of your unused regular Child Tax Credit refundable if you’re eligible. Qualifications for the ACTC are the same as the requirements for the Child Tax Credit, except you also need to have at least $3,000 in earned income. TurboTax will automatically give you this credit if you're eligible.
The Additional Child Tax Credit is up to 15% of your taxable earned income over $3,000. For example, if you have three children:
On the other hand, if your earned income was $13,000, 15% of your taxable income over $3,000 would be $1,500 ($10,000 x .15). You could receive a refund of $1,500 as opposed to the full $3,000 credit because the refundable portion of your credit cannot exceed 15% of your taxable earned income that is above the $3,000 threshold.
To find out how much credit you are receiving, preview your 1040 and look at lines # 52 and 67.
To preview the information on your 1040 form:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Stewie1
Level 1
santoayani
New Member
solomon_g
Level 1
katik2123
Level 1
jlsmjsfreeturb
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.