Wondering why I'm not getting the ctc of $2000 per child as I have 3 dependents and have an income of $2601? Don't understand

[MarilynG1]

In the left-side menu, click on Tax Tools > Tools, then choose 'View Tax Summary' from the pop-up menu.

Back at the left-side menu, choose 'Preview my 1040'.

When your tax return opens, scroll down to Line 19 and see if $500 is entered as Child Tax Credit, then scroll down to Line 28 and see if $1500 is entered as Additional Child Tax Credit.  If you owed no tax (and it sounds like you don't) you should still receive the $1500 Additional Child Tax Credit. 

Here's more info about the Child Tax Credit.

[Mike9241]

@9e8bfc6b072f  the rules for the CTC completely changed for 2022. the regular CTC is limited to your tax liability and is not refundable. the additional CTC, refundable,  is the smaller of the regular CTC remaining after reducing regular tax and AMT tax to zero or 15% of earned income over $2500,   the general dependent credit of $500/child is gone.  look at form 8812

[xmasbaby0]

Have you entered income from working in 2022?  If not,  you will not receive an income tax refund based on having dependent children.

The rules for getting the child tax credit on a 2021 tax return and now on a 2022 return are very different.  For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work.   That is NOT the way it will work for your 2022 tax return.  The “old” rules are back.   The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1500.   In order to get that credit, you have to have income from working.  The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500 per child.  If your child is older than 16 at the end of 2022, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-f...

And for the Earned Income Credit—-the rules are back to the “old” rules—

Those under 25 and over 65 without children are not eligible as they were uniquely in 2021.   And you cannot use your income from any earlier tax year to get the EIC for a 2022 return.  There is no “lookback” for 2022.  EIC for 2022 will be based on the income you earned by working in 2022.

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

Look at your 2022 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

With the small amount of income you mentioned, if that income was from working you should get about $45 of additional child tax credit on line 28