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My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

 
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My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

Maybe you just need a better understanding of how the child tax credit is calculated.

 

 

Have you entered income from working in 2024?  If not,  you will not receive an income tax refund based on having dependent children.

 

  The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.  The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1700 per child. If the amount you earned was too low, you will not get the full $1700.

 

 If your child is older than 16 at the end of 2024, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.

 

 

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6x...

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

 

Look at your 2024 Form 1040 to see the child-related credits you received

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

 

**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.**

My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

@kaleeg1990 by chance is the filing status MFS? (filing Separate?)..... the tax credit is only half ($1,000) in that case 

My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

Thank you but respectfully my oldest is 13 and I am almost 35 years old. I understand how it works. I’m just not able to correct the selections made and am having issues troubleshooting. 
I fortunately was able to fix it and am getting full credit. 

My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

Yes I am in fact. However I figured it out and I am getting full credit. I appreciate the response. 

My child tax credit information got saved incorrectly somehow. It is not providing the entire $2000 per child (2) only $1000 and it will not allow me to edit. What to do?

What was it?  What/how did you figure it out?  It may help someone else understand it.  

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