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The tax laws changed for child-related credits and are much less generous for 2022.
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2022 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.
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
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://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
As xmasbaby0 posted, the credit has reverted to a more conservative tax credit. You can see Why is my 2022 Child Tax Credit smaller than last year's? for a quick reference to verify against your already filed return.
There is 0 credit. I already read the posts and I am aware of the change in the amount. Is there a way to contact turbotax customer service? Their website might be miscalculating and excluding child credit from the total tax return for 2022.
Have you looked to see if your Child Tax Credit shows on Form 1040? If you're using TurboTax Online, go to to Tax Tools > Tools in the left-side menu, then click on 'View Tax Summary' from the pop-up menu.
Then back at the left-side menu, click on 'Preview my 1040'.
Child Tax Credit shows on Line 19, and Additional Child Tax Credit show on Line 28. There can only be $2,000 total between the two.
Here's more info on the Child Tax Credit/Additional Child Tax Credit.
Thanks for your response. I checked Form 1040 for 2022:
Child Tax Credit shown on Line 19: $3,000 (three children; should be 2k for the US citizen child and 1 k total--500 for each-- for the other kids who have SSNs without any limitations).
Additional Child Tax Credit shown on Line 28: blank
The tax return total is $1,392, which is less than even the total child credit/additional child credits.
I think the TurboTax website does not calculate the refund correctly.
The Child Tax Credit is first used to help reduce your income tax liability. If all of the credit is used in that manner, then there will not be any additional child tax credit available to you.
To understand if all $3000 of the child tax credit was used to reduce your income tax liability, you need to take a look at Form 1040 line 18. That line shows the amount of income tax liability on your return. Then line 19 is the child tax credit, which is added to any amount reported on line 20. This total is subtracted from your income tax liability and the result is on line 22. If line 22 is anything greater than zero, then all of your child tax credit was used to offset some of your income tax.
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