Why am i only getting 500 for the Child and Other ...
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b-szabo
New Member

Why am i only getting 500 for the Child and Other Dependent Tax Credit in 2020?

Why am i only getting 500 for the Child and Other Dependent Tax Credit in 2020, i received 2000 in 2019?
2 Replies
xmasbaby0
Level 15

Why am i only getting 500 for the Child and Other Dependent Tax Credit in 2020?

One possible reason----did you child turn 17 in 2020?   You lose the child tax credit in the tax year when the child turns 17, and then you start getting the $500 credit for other dependents instead.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
JotikaT2
Employee Tax Expert

Why am i only getting 500 for the Child and Other Dependent Tax Credit in 2020?

It sounds like you may be referring to the Child Tax Credit.

 

To qualify for the child tax credit, your child must meet the following requirements: 

  1. Be under the age of 17 at the end of the year 
  2. Be a Son, daughter, stepchild, sibling 
  3. Have a social security number 
  4. Lived with you for more than half the year 
  5. Not pay for more than half of their own expenses during the year 
  6. Be a US citizen, US National, or US resident alien 

Child Tax Credit requirements 

 

Once your child reaches the age of 17 as of December 31st, you are no longer eligible to receive the child tax credit.  

 

You would then only be entitled to the Family Tax Credit of $500.

 

Reasons for family tax credit over child tax credit

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