What is the difference in tax credits for children between 2016 and 2017?

jasonbinvegas · ‎June 6, 2019

DanielV01 · ‎June 6, 2019

Basically none. The difference will come next year. When you file your 2018 taxes next year, the Child Tax Credit increases to $2000/child (currently $1000). The potentially refundable portion of the credit will increase to $1400. Here's a website with information on the act: https://taxfoundation.org/final-tax-cuts-and-jobs-act-details-analysis/

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SweetieJean · ‎June 6, 2019

Did any of your children turn age 17 in 2017?

jasonbinvegas · ‎June 6, 2019

nope

DanielV01 · ‎June 6, 2019

Basically none. The difference will come next year. When you file your 2018 taxes next year, the Child Tax Credit increases to $2000/child (currently $1000). The potentially refundable portion of the credit will increase to $1400. Here's a website with information on the act: https://taxfoundation.org/final-tax-cuts-and-jobs-act-details-analysis/

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egoetz724 · ‎June 6, 2019

We had more income in 2016 and qualified for the Child Tax Credit. For 2017 we made less but do not qualify for it. Turbo tax is telling me it is because we made too much but that doesn't make sense with our 2016 taxes...

DanielV01 · ‎June 6, 2019

Were you in a disaster area?

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What is the difference in tax credits for children between 2016 and 2017?