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.

kwichman
New Member

My federal credits are down by $1000 from last year. Did I miss something this year

 
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.

1 Reply

My federal credits are down by $1000 from last year. Did I miss something this year

The best thing to do is to print your return from this year and compare it side by side to last years return, especially page 2 where the credits are located.  This way you can narrow down exactly where the difference is and ask a more specific question, as no one here on AnswerXChange can see your personal return.

However, if it is exactly a $1,000 difference, then it is likely that you lost the Child Tax Credit.  The Child Tax Credit has slightly different rules than claiming dependents.  When your dependent turns 17 (even if one day of 2016), then you will lose eligibility for the Child Tax Credit.  

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