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What is Additional child tax credit

How do I know if I qualify for Additional child tax credit
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2 Replies
RobertB4444
Employee Tax Expert

What is Additional child tax credit

The child tax credit is $2000 for each child that you have as a dependent under the age of 17.  If you use that full $2000 to reduce your tax bill then it's used up and a good deal because it reduced your taxes.

 

But if you don't need the full $2000 to reduce your tax bill then whatever portion you don't use can be refunded to you.  That is the additional child tax credit. 

 

@pattibroughton-y 

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What is Additional child tax credit

If you are eligible for the refundable additional child tax credit it is added to line 28 of your Form 1040 automatically after you have entered your dependent child(ren) under the age of 17 and your income earned from working.

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 2023 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.**

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