Does the Additional Child Tax Credit apply to each dependent?

Forum|Forum|1 year ago
January 28, 2025
1 reply
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I've done the math ( 15% of taxable earned income over $2500) and get X. The IRS website says the ACTC is up to $1600 per eligible child. I have 2 but my return only shows X (the amount for one child) for my CTC. Do I not get that amount per dependent?

xmasbaby0

Employee

You get the CTC for each qualified child. If your child turned 17 during 2024 you lose the CTC and instead you get the $500 credit for other dependents.

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number. Careful— do not say that your child’s SSN is not valid for employment. If your child was born in 2024 make sure you said he lived with you the whole year. There is an oddly worded question that asks if the child paid over half their own support. Say NO to that question.

Have you entered income from working in 2024? If not, you will not receive an income tax refund based on having dependent children.

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.

If your child is older than 16 at the end of 2024, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u

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

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

PREVIEW 1040

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr

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.**

Kmoore37Author

I have double checked all the info and I've got everything entered correctly. Neither of the dependents are over 16. I have entered my income and done the math (amount I earned above 2500 multiplied by 15%) and the answer is exactly what I see on my return as my Child Tax Credit amount. But wouldn't that amount only be for one child?

Vanessa A

No. If your income is $5,000, your credit would not be more than $375 total. Yes, the credit is a per child limit, however, your income caps the credit first, so you would need enough income for 2 children to get the full credit.

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