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tlslawyer
New Member

Why am i not getting the full child tax credit. it looks like the calculation is $150 dollars off what it should be.

There is no way to check the form to decide how this is being calculated on turbo tax.
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3 Replies
ThomasM125
Expert Alumni

Why am i not getting the full child tax credit. it looks like the calculation is $150 dollars off what it should be.

It could be that your child tax credit is entered partially on line 19 and the balance is on line 28 of your form 1040. 

 

You can view your form 1040 while working in the online version of TurboTax by following these steps:

 

While working on your return in the Federal section of TurboTax:

 

   1.  Choose the Tax Tools icon on your left menu bar

   2.  Tools

   3.  View Tax Summary

   4.  Choose the Preview my 1040 on your left menu bar

 

 

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Why am i not getting the full child tax credit. it looks like the calculation is $150 dollars off what it should be.

Or...did you have a little more than the limit for the AGI to be eligible?   If your income was too high they phase out the amount of CTC you can get

 

A4. The Child Tax Credit begins to be reduced to $2,000 per child if your modified AGI in 2021 exceeds:

  • $150,000 if married and filing a joint return or if filing as a qualifying widow or widower;
  • $112,500 if filing as head of household; or
  • $75,000 if you are a single filer or are married and filing a separate return.

The first phaseout reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that is applicable to you.

**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.**

Why am i not getting the full child tax credit. it looks like the calculation is $150 dollars off what it should be.

@tlslawyer 

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