Turbotax /Incorrect Child Tax Credit

[bclarkuncc_tt]

I am in the process of entering deductions and credits for 2024 and even though I have 2 children, Turbotax is calculating my credit as $2500.  My MAGI is below $400k and I am filing married filing jointly.  Any ideas on what I need to check?

[DoninGA · Accepted solution]

If you have a child who is age 17 or older then they are only  eligible for the Other Dependent credit of $500.

[xmasbaby0 · Accepted solution]

Did a child turn 17 in 2024?   You lose the CTC when they turn 17, and instead you get the $500 credit for other dependents.

[Sargart]

I've also encountered the same issue, however, one my kids turned 18 in 2025 and I believe that TT is incorrectly only given me a $500 dependent tax credit for her. My understanding is that since she was 17 in Tax Year 2024 - I should get the full $2000 child tax credit for her.

[MayaD]

To be a qualifying child for the 2024 tax year, your dependent must: be under 17 at the end of the tax year.

Child Tax Credit

[xmasbaby0]

@Sargart You lose the child tax credit as soon as the child turns 17.   If your child turned 17 in 2024, you get the $500 credit for other dependents instead.   That is how Congress wrote the law.

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

[DoninGA]

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@Sargart wrote:

I've also encountered the same issue, however, one my kids turned 18 in 2025 and I believe that TT is incorrectly only given me a $500 dependent tax credit for her. My understanding is that since she was 17 in Tax Year 2024 - I should get the full $2000 child tax credit for her.

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The Child Tax Credit is only available for a child under the age of 17 in 2024.  If the child is age 17 or older in 2024 then they are eligible for the Other Dependent credit of $500.