Question

Are we going to recieve 2,000 back for a child

Forum|Forum|7 years ago
June 3, 2019
1 reply
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Are we getting 2,000 back per child we claim on taxes? Turbo tax is still only showing $1,000

TurboTax Deluxe Android

Employee

No. The new amount for child tax credit will not be in effect for your 2017 tax return. That will be for your 2018 tax return that you file next year in 2019.

The child tax credit can only reduce your tax liability down to zero. It is not a refund. If you have no tax due, then you may not receive the full amount of the $1000 Child Tax Credit

If your child turned 17 at any time during 2017, then you will not receive the child tax credit.

If you are claiming the Child Tax Credit for a child who was born in 2017, make sure you said in Personal Info that the child lived with you all year and that you entered the child’s SSN.

**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.**

S

SweetieJean

Employee

There's a lot of confusion out there about this, as well as the increased Standard deduction, due to misunderstandings about the effective dates of the changes.