Where does my child tax credit go?

kiwicaprisun · ‎May 31, 2019

i understand my federal tax goes to my bank account but i qualified for 4000+ for having a son and being a single mother, how will i get that?

xmasbaby0 · ‎May 31, 2019

The Child Tax Credit lowers your tax liability; it is not a refund. You probably saw the $4050 personal exemption for your child. That also lowers your taxable income--it is not a refund. Depending on whether you had income earned from working and how much it was, you may be able to get the earned income credit or the Additional Child Tax Credit, which do increase your refund.

If you are receiving these, they are already included in the refund you see.

**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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xmasbaby0 · ‎May 31, 2019

The Child Tax Credit lowers your tax liability; it is not a refund. You probably saw the $4050 personal exemption for your child. That also lowers your taxable income--it is not a refund. Depending on whether you had income earned from working and how much it was, you may be able to get the earned income credit or the Additional Child Tax Credit, which do increase your refund.

If you are receiving these, they are already included in the refund you see.

**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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Where does my child tax credit go?