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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.
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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.
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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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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