Solved: Why am i not getting the full tax credit for my two kiddos. they are now 3 years old and 5 years old. Turbotax keeps saying i only get $1000 for each kid.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Why am i not getting the full tax credit for my two kiddos. they are now 3 years old and 5 years old. Turbotax keeps saying i only get $1000 for each kid.

 
1 Best answer

Accepted Solutions
Level 3

Why am i not getting the full tax credit for my two kiddos. they are now 3 years old and 5 years old. Turbotax keeps saying i only get $1000 for each kid.

This is correct. The child tax credit remains $1000 per child for the 2017 tax year which are the taxes currently being filed.  The new tax laws and the increased $2000 Child Tax Credit is effective for the 2018 Tax Year which will be filed in 2019. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Level 3

Why am i not getting the full tax credit for my two kiddos. they are now 3 years old and 5 years old. Turbotax keeps saying i only get $1000 for each kid.

This is correct. The child tax credit remains $1000 per child for the 2017 tax year which are the taxes currently being filed.  The new tax laws and the increased $2000 Child Tax Credit is effective for the 2018 Tax Year which will be filed in 2019. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Dynamic Ads
v
Privacy Settings