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We have $27,140.00 child tax credit, yet we are only receiving a $6560 total refund. Are we able to receive more from the tax credit this year (larger refund amount)?

 
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We have $27,140.00 child tax credit, yet we are only receiving a $6560 total refund. Are we able to receive more from the tax credit this year (larger refund amount)?

There's no way you can have a Child Tax Credit that large. The maximum is $1000 per child. Do you have 27 children?

You may be seeing other types of "Tax Breaks," such as the $4,050 Personal Exemptions, or the Standard Deduction. These are subtractions from income, before the taxes are calculated. They are not tax credits or refunds.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

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2 Replies

We have $27,140.00 child tax credit, yet we are only receiving a $6560 total refund. Are we able to receive more from the tax credit this year (larger refund amount)?

There's no way you can have a Child Tax Credit that large. The maximum is $1000 per child. Do you have 27 children?

You may be seeing other types of "Tax Breaks," such as the $4,050 Personal Exemptions, or the Standard Deduction. These are subtractions from income, before the taxes are calculated. They are not tax credits or refunds.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

We have $27,140.00 child tax credit, yet we are only receiving a $6560 total refund. Are we able to receive more from the tax credit this year (larger refund amount)?

Also, I see you are asking from TT self-employed. Be sure to enter all of your SE income and expenses.

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