In previous years using turbo tax i've always had an amount on line 28. This year running through the program is says I have $XXXX in credit but then in the final forms it had line 28 blank and the $XXXX is not shown there and is not calculated in.
Is there a bug in the software? how can I get intuit to correct this error? According to turbo tax, i'm getting WAY less back this year because the software is not putting the child credit on line 28..
You'll need to sign in or create an account to connect with an expert.
LOOK at line 19 ... did you use up the entire $2000 there ? If so you have no credit left to become refundable on line 28.
The rules for the child tax credit have changed. The maximum amount of the child tax credit is now $2000; the refundable “additional child tax credit” amount is $1500.
In order to get the credit, you must have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%.
The guidelines are:
You will get a non-refundable credit up to $2000 per child. That means the credit cannot be more than your actual tax bill. However, if your child tax credit was limited by your tax bill you may be able to get the remainder up to $1500 as a refundable Additional Child Tax Credit.
You can see what is posted by going to:
On the menu bar on the left that shows.
Child Tax Credit line 19
Credit for Other Dependents line 19
Earned Income Credit line 27.
Additional Child Tax Credit line 28
One possibility is that your child turned 17 this year, so the child tax credit of $2,000 would be replaced by the lesser Other Dependent Credit of $500. The amout on line 28 would be the additional child tax credit, which may not apply to you if you have a child tax credit on line 19 of form 1040.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
respinosa
Level 2
Michael16
Level 4
Viking99
Level 2
umiboo
New Member
IRS notice transfer error
Level 1