Which is it? 2000 back or 1700 for Child Tax Credit

[Edlanier92]

So. I see that the new amount for the Child Tax Credit is "up to 2000" dollars and can be 1700 dollars if you don't owe taxes. That part is confusing to me. How do I know how much I got for the child tax credit? How do I know if I got the full amount or not? As well as why have the two different dollar amounts? I didn't have to pay any back taxes. So how much did I recieve back?

[xmasbaby0]

The maximum amount of the refundable Child Tax Credit  --- called the Additional Child Tax Credit -- is $1700.   You cannot get back more than $1700 per child.  You might not get the full $1700, depending on how much you earned.

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2024 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.

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.  

Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you can get—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.

 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/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_e...

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...

PREVIEW 1040

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-retur...

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

[MinhT1]

The Child tax credit is on line 19 of your form 1040 and the Additional Child Tax Credit is on line 28.

The Child Tax Credit is a non-refundable tax credit while the ACTC is refundable.

Please read this TurboTax article for more information.

[Edlanier92]

You didn't answer my question....... you said everything I said in a longer copy paste format. 

Why bother answering?

[Vanessa A]

How do I know how much I got for the child tax credit?  You can see the amount by looking at your form 1040. The Child tax credit is on line 19 of your form 1040 and the Additional Child Tax Credit is on line 28.  If you Do not have an amount on line 19, then you did not get the Child Tax Credit. I

 How do I know if I got the full amount or not?  If line 19 is less than $2,000 per child then you did not get the full amount so then you can look at line 28.  If that is less than $1,700 per child you did not get the full amount.  If there is an amount on line 19, that would reduce the amount on line 28. 

 As well as why have the two different dollar amounts? I didn't have to pay any back taxes. So how much did I recieve back?  We cannot see your return so we cannot tell you how much you are getting.  The 2 different amounts are because the Child Tax Credit is not refundable so they made the additional child tax credit so more people could claim it. 

[Opus 17]

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@Edlanier92 wrote:

You didn't answer my question....... you said everything I said in a longer copy paste format. 

Why bother answering?

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If you owe more than $2000 in taxes, you can get a $2000 credit.  This is not what you owe at the end of the year, but your total tax liability.  For example, if you had $5000 of withholding and expect a $1000 tax return, your tax liability was $4000.  You should expect that by adding a child dependent, you would get the full $2000.

If you don't owe taxes because your income is too low, you can get up to $1700, but only if you have income from working.  Income not from working (like investments or unemployment compensation) is not eligible for this credit even though it may be taxable.

View or print the PDF of your form 1040.  If you listed a child who is eligible for the Child Tax Credit, you will see their name and SSN in the Dependent section and the box for Child Tax credit will be checked.

The amount of Child Tax Credit is on line 19.  The amount of Additional Child Tax Credit is on line 28/