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Did you enter any earned income from work that was at least $2,500?
The maximum child tax credit amount is $2000 per child. The credit is divided into 2 different credits refundable and nonrefundable credit. The maximum refundable credit is $1600. To get that credit, you have to have income from work or earned income. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1600 per child. If your earned income is too low you will not get the whole amount. Also if your child turned 17 during 2023, he/she no longer qualifies for the $2000 and instead will only get a $500 credit for other dependents.
To see more information about the Child Tax Credit and the Credit for Other Dependents, see the TurboTax help articles below:
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