turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I have 4 dependents married filling jointly wages total around 77,000 is my ACTC of 2, 354 correct

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ErnieS0
Expert Alumni

If I have 4 dependents married filling jointly wages total around 77,000 is my ACTC of 2, 354 correct

I’m getting a slightly different number; but I don’t have the full information from your return and am using $77,000.

 

You can have an Enrolled Agent review your tax return.

 

How do I connect with a tax expert in TurboTax Live?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

If I have 4 dependents married filling jointly wages total around 77,000 is my ACTC of 2, 354 correct

One thing you did not mention is the age of your children.  You cannot get the CTC for a child older than 16 at the end of 2022.   How old were they at the end of 2022?  A dependent over 16 gets the $500 credit for other dependents instead of the child tax credit.   

 

And...did you have a child who was born in 2022?   If so, make sure you claimed that child correctly:

 

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.

 

 

 

Another question... what is on line 19 of your Form 1040?  There would be $2000 per eligible child on that line.   The additional child tax credit is what you get after the child tax credit on line 19 has been used to reduce your tax owed to zero, up to the maximum of $1500 ACTC per child.   

 

 

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question