My child did not turn 18 until after 2024. Why do I not get the Maximum tax credit for 2024 if he did not turn 18 until 2025?

[brister50]

$500 instead of $2000

[VolvoGirl]

Sorry he had to be UNDER 17 on Dec 31.  

[xmasbaby0]

You lose the child tax credit when the child turns 17.   When they are older than 16, you get the $500 credit for other dependents instead of the child tax credit.

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-f...

[BrittanyS]

The child tax credit reduces when the child turns 17.  The credit for $2,000 is for children under the age of 17 and the modified adjusted gross income is less than $400,000 for Married Filing Joint or $200,000 for other filing statuses.  When the child is 17 or older the credit reduces to $500.

For more information, see the link below:

• What is the Child Tax Credit?

@brister50