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January 30, 2025
Question

Do I not get my child tax credit because I owed taxes?

  • January 30, 2025
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    1 reply

    January 30, 2025

    No. For the 2024 and 2025 tax years, the standard Child Tax Credit is nonrefundable; It Reduces your tax bill to 0, and any unused credit is lost. However, you may be able to claim a refundable Additional Child Tax Credit for the unused balance. Up to $1,700 per qualifying child in 2024 and 2025 is refundable with the Additional Child Tax Credit.

     

    You must have a minimum of $2,500 of earned income to claim the Additional Child Tax Credit. Earned income can come from salaries and wages, self-employment, and some disability payments.

    For more information and to check if you meet the requirements to claim the credit, check: 

    2024-2025 Child Tax Credit: Top 7 Requirements 

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