Does the Additional Child Tax Credit apply to each dependent?
I've done the math ( 15% of taxable earned income over $2500) and get X. The IRS website says the ACTC is up to $1600 per eligible child. I have 2 but my return only shows X (the amount for one child) for my CTC. Do I not get that amount per dependent?
You'll need to sign in or create an account to connect with an expert.
The Child Tax Credit listed on your 1040 Line 19 can only be as much as your tax liability at that point on your return.
If that shows as 892, I assume that was all the tax liability you had at that point of the return.
The remaining credit becomes and is listed as the Additional Child Tax Credit.
That will be listed on your 1040 Line 28.
The credit is calculated per child.
The credit can be reduced depending on your income.
The maximum ACTC is $1,700 per child.
However, the total of CTC and ACTC is limited to $2,000 per child under age 17.
Please read this TurboTax article for more information.
As we do not know the amount of CTC on your return, we can't comment further.
The amount I get after doing the ACTC math and the amount shown as my CTC on my return is 892. Both children are well under 17 and both qualify as my dependents. I'm just confused- up to 1600 per child makes me think I would get the 892 per child, but is that assumption incorrect?
The Child Tax Credit listed on your 1040 Line 19 can only be as much as your tax liability at that point on your return.
If that shows as 892, I assume that was all the tax liability you had at that point of the return.
The remaining credit becomes and is listed as the Additional Child Tax Credit.
That will be listed on your 1040 Line 28.
The credit is calculated per child.
The credit can be reduced depending on your income.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ericalynne1107
New Member
alt86
New Member
rayleewood0131
New Member
Vick89tiff
New Member
eileen650
New Member