Why Turbotax considering the Child tax credit for the Child completing 17 in Dec-2021

[DSP]

Hi All - I am filing the 2021 tax return. My son turned to age 17 in Dec-2021 but still as per Turbo-tax, i am eligible for $3000 Child tax credit.  Is this correct ? because what i heard is if your child turn 17 before the end of tax year, you are not qualified for tax credit but i want to make sure once.

[VolvoGirl · Accepted solution]

Yes.  Beginning in tax year 2021(the taxes you file in 2022) the Child Tax Credit will be expanded. The bill increases the age to under 18 and increases the amount that families claiming the Child Tax Credit receive from $2,000 to:

$3,600 for each child under 6
$3,000 for each child age 6-17

What is the Child Tax Credit
https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-child-tax-credit/00/25961

[DSP]

Thanks much VolvoGirl for fast response. Really appreciated. So in that case, i will not be eligible for Child tax credit for the tax year of 2022, right ? because my son turn to18 in Dec-2022 ?

Apart from this, i should also not claim my child under below in W-4, right ?

Multiply the number of qualifying children under age 17 by $2,000$- This should be 0?

[RobertB4444 · Accepted solution]

You are correct, @DSP - you do not receive the Child Tax Credit in the year that your child turns 18 (although if your child is a full time student you are still entitled to a smaller dependent credit until they are 24).  

So on your W4 you will have no children under 17.