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coop0901
New Member

Why is the child tax credit not applied? The other "child tax credit" questions that are listed do not apply.

 
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1 Reply
AndreaG
New Member

Why is the child tax credit not applied? The other "child tax credit" questions that are listed do not apply.

It depends. The purpose of the child tax credit, is ONLY to offset your tax liability. With the child tax credit, you can qualify for a credit of up to $1000 for each child that qualifies you for the credit. However, you cant get a credit that is larger than your tax liability. Additionally, if you have other nonrefundable credits that you are claiming, then together they cant total more than your tax liability. A nonrefundable credit is a credit that offsets your tax liability.

When you are unable to get the full benefit of the child tax credit, you might qualify for the additional child tax credit if you have earned income that is in excess of $3000 and you meet all the requirements. Please refer to the following FAQ to determine if you meet the requirements for the additional child tax credit. https://ttlc.intuit.com/replies/4862549 

If you do have a tax liability, then it might be that your modified adjusted gross income is too high. Please refer to page 3 of Pub 972 under the headings, "limits on the credit" and "modified AGI" for additional information. https://www.irs.gov/pub/irs-pdf/p972.pdf

Please refer to the following FAQs for additional information. https://ttlc.intuit.com/replies/4488009   https://ttlc.intuit.com/replies/3301702

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