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January 2, 2025
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Do I qualify for Additional Child Tax Credit?

  • January 2, 2025
  • 1 reply
  • 0 views
if I made 2500 for the year?
    Best answer by xmasbaby0

    The refundable additional child tax credit is based on having income from working.  The amount that you get as a refund is affected by how MUCH you made by working.  

     

     

      The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.  The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1700 per child. If the amount you earned was too low, you will not get the full $1700.

     

    Look at your 2024 Form 1040 to see the child-related credits you received

     

    PREVIEW 1040

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

     

    Child Tax Credit line 19

    Credit for Other Dependents line 19

    Earned Income Credit line 27

    Additional Child Tax Credit line 28

     

    1 reply

    DoninGA
    Employee
    January 2, 2025

    If you are claiming your child as a dependent and you have at least $2,500 of income from work you can be eligible for the Child Tax Credit.

    xmasbaby0Answer
    Employee
    January 2, 2025

    The refundable additional child tax credit is based on having income from working.  The amount that you get as a refund is affected by how MUCH you made by working.  

     

     

      The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.  The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1700 per child. If the amount you earned was too low, you will not get the full $1700.

     

    Look at your 2024 Form 1040 to see the child-related credits you received

     

    PREVIEW 1040

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

     

    Child Tax Credit line 19

    Credit for Other Dependents line 19

    Earned Income Credit line 27

    Additional Child Tax Credit line 28

     

    **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.**