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traquelle32
New Member

Why am I only getting $69 Child Dependent Credit

 
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‎January 28, 2020 11:04 PM
last updated ‎January 28, 2020 11:04 PM
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1 Best answer

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JohnB5677
Expert Alumni
Expert Alumni

Why am I only getting $69 Child Dependent Credit

It's very difficult to tell without seeing your return, but the most common reason is that you did not owe any or very little tax.

 

The Child and Dependent Care Credit will only offset taxes you owe.  If you don't owe tax or owe very little tax that is all the credit will be.  The amount of tax you owe is on line 16 of your Individual Tax Return.

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‎January 29, 2020 3:48 PM
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1 Reply
JohnB5677
Expert Alumni
Expert Alumni

Why am I only getting $69 Child Dependent Credit

It's very difficult to tell without seeing your return, but the most common reason is that you did not owe any or very little tax.

 

The Child and Dependent Care Credit will only offset taxes you owe.  If you don't owe tax or owe very little tax that is all the credit will be.  The amount of tax you owe is on line 16 of your Individual Tax Return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 29, 2020 3:48 PM
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