Can you get the child tax credit in 2024 with no income?

Forum|Forum|2 years ago
January 26, 2024
2 replies
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I’m finding things online that state a recent change in laws has made it possible to receive a child tax credit up to $1600 with no income. Is this correct? Why isn’t turbo tax saying im getting a refund?

TurboTax Deluxe Online

xmasbaby0

Employee

Sorry--- no. The rules for the CTC are back to the "old" rules--you do not get the CTC if you did not work. The child-related credits are based on how much you earned by working.

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents

AND….If you have children but had little or no income, it raises the question of how you and the children were supported. There may be another tax-paying adult who can claim you and/or the children as dependents.

**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.**

fb420Author

updated 01/23/2024:

https://amp.marca.com/en/lifestyle/us-news/personal-finance/2024/01/23/65b003eaca4741ce3a8b45b2.html

xmasbaby0

Employee

@fb420

ENHANCED CHILD TAX CREDIT BILL

No one here knows if or when the proposed enhanced child tax credit bill will pass. It is presently in the hands of 535 state representatives and senators in Congress. It has not been passed or signed into law. IF and when it passes, we do not know when they will make it effective or how it will be implemented. They are still wrangling with it so we do not know what it will look like when they are done.

It is unlikely to affect your 2023 return; maybe enough members of Congress remember what a mess they created when they changed the tax law for taxing unemployment during the 2020 tax filing season in 2021 and will not want to do that to the U.S. public again in mid tax season. Or maybe they will go ahead anyhow. We do not know. But if it affects you for 2023 they will have to provide a way for you to get the credit.

Prayingmother_40

I am trying to find out about it,I think we should be able to..

DoninGA

Employee

@Prayingmother_40 wrote:

I am trying to find out about it,I think we should be able to..

The $2,500 minimum income is required by the IRS when using Schedule 8812 to calculate the child tax credit for tax year 2024.

Go to this IRS website for both the Schedule 8812 and the Instructions with have the Worksheets - https://www.irs.gov/forms-pubs/about-schedule-8812-form-1040