How do I get the entire $4000 child tax credit for 2 kids?

[mpeluso1216]

It says only $1400 of the $2000 is refundable. I earn roughly $100K AGI. Is the key to maximizing this deduction as simple as aiming for a $1,200 tax liability at the end of the year?

[xmasbaby0]

There has been lots of hype in the news about the new $2000 Child Tax Credit.  Unfortunately, some people do not yet understand that it does not mean they will automatically receive $2000 per child just for filing a tax return.

Do not assume your refund will include $2000 per child for child tax credits.  It does not work that way.  The CTC is used first to reduce your tax liability to zero. After that, there is a refundable portion —up to $1400 — called the Additional Child Tax Credit that is calculated based on the amount of income you earned.  You do not necessarily get the maximum amount.  You get 15% of the amount of income earned above $2500--UP to the maximum amount possible.

If your child turned 17 in 2018, even on the last day of 2018, you do not get the child tax credit.  There are no exceptions to the rule.  You can still claim your child as a dependent.

Your child must have a Social Security number to get the CTC. 

If your child was born in 2018 you need to say the child lived with you for the WHOLE year.

If your child lived with you for less than half the year you cannot get CTC.

If you did not earn at least $2500 you cannot receive the child tax credit.  Beyond that amount the CTC you receive is affected by your tax liability and the amount you earned.  You might not get the full $2000 of CTC.

The child tax credit is reduced by $50 for every $1000 of AGI over these limits:

Married filing jointly                $400,000    (CTC disappears at $440,000)

Single, Head of Household, Married Filing Separately or qualifying widower               $200,000  (CTC disappears at $240,000)

Look at your 2018 tax return to see the credits you received:

Child tax credit line 12a

Additional Child Tax Credit line 17b   (schedule 8812)

Credit for Other Dependents line 12a

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

[Critter]

Ok ... the CTC is $2000 per child and will reduce your tax liability by that amount ... and if you run out of tax liability then up to $1400 of the $2000  is refundable.  At your income level you should  be able to use the entire $2000 against your federal tax liability ... look at your 2018 return form 1040 line 11a to see what tax liability you had last year that the credit could have negated.