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kmbrethauer
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.

 
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Vanessa
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. 

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1 Reply
Vanessa
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"

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