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It shows I'm receiving child tax credit if $1000 per qualifying child I understood it to now be $2000 per qualifying child

 
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DanielV01
Expert Alumni

It shows I'm receiving child tax credit if $1000 per qualifying child I understood it to now be $2000 per qualifying child

That provision will begin for 2018 tax year.  For 2017, the Child Tax Credit remains at $1000/child, to go along with each child's exemption of $4050.  (The expanded Child Tax Credit will cover the child's exemption, which will be eliminated, and include potentially extra money as well).  Here is a website explaining all of the new tax provisions for 2018:  Summary of Tax Act Provisions

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1 Reply
DanielV01
Expert Alumni

It shows I'm receiving child tax credit if $1000 per qualifying child I understood it to now be $2000 per qualifying child

That provision will begin for 2018 tax year.  For 2017, the Child Tax Credit remains at $1000/child, to go along with each child's exemption of $4050.  (The expanded Child Tax Credit will cover the child's exemption, which will be eliminated, and include potentially extra money as well).  Here is a website explaining all of the new tax provisions for 2018:  Summary of Tax Act Provisions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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