Solved

I just realized that I didn't get the Child Tax Credit. Is there any way I can go back in and fix that?

Forum|Forum|7 years ago
June 5, 2019
2 replies
0 views

No text available

TurboTax Deluxe Online

Best answer by PopeyeTheSalior

If you have already e-filed your taxes and got accepted, you cannot return to your account and fix it. You might need to amend your original return.

If you have e-filed, wait until your return is accepted or rejected by IRS / the state.

-If your return is rejected, add or edit your new information (along with anything else that needs to be corrected) and then re-submit your return. See Fix a reject

-If your return has been accepted- you cannot change the information. Instead, you have to amend a return. See instructions below.

IRS does not allow e-file for amendment, you will need to submit the amendment forms with related supporting documents by mail. (Follow instructions through the step-by-step interview questions in the program)

If your original return generates a refund, you should wait until your original refund arrives before you file your amendment. You can cash your check, but you still should wait until your current tax return is resolved.

To amend, click here:

https://ttlc.intuit.com/replies/3288565

PopeyeTheSaliorAnswer

Employee

If you have already e-filed your taxes and got accepted, you cannot return to your account and fix it. You might need to amend your original return.

If you have e-filed, wait until your return is accepted or rejected by IRS / the state.

-If your return is rejected, add or edit your new information (along with anything else that needs to be corrected) and then re-submit your return. See Fix a reject

-If your return has been accepted- you cannot change the information. Instead, you have to amend a return. See instructions below.

IRS does not allow e-file for amendment, you will need to submit the amendment forms with related supporting documents by mail. (Follow instructions through the step-by-step interview questions in the program)

If your original return generates a refund, you should wait until your original refund arrives before you file your amendment. You can cash your check, but you still should wait until your current tax return is resolved.

To amend, click here:

https://ttlc.intuit.com/replies/3288565

Hal_Al

Employee

There are usually 1 of 6 reasons, you don't get the Child Tax credit(CTC):

1. You’ve entered something wrong. In the personal Info section, for the dependent, you must select answers that indicate that he/she is your dependent child. If the child was born during the year, say he/she lived with you all year (note: TurboTax changed how this section is done two years ago, you may need to go thru the interview again or even delete your dependent and start over)

2. Your child may be too old (over 16). This comes as a big surprise to many parents the year their child turns 17. A child over age 16 no longer qualifies for the Child Tax credit (CTC). Although a child can still be a student dependent through age 23, and a qualifying child for EIC, the Child Tax Credit expires the year they turn 17 and you no longer get the $1000 CTC.

3. Your income is too high. The Child Tax Credit (CTC) is phased out at higher incomes starting at $110,000 for joint filers ($75K single). You lose $50 for each $1000 (rounding up) your income is over that threshold.

4. Your income is too low. The child tax credit (CTC) is also limited to your tax liability. The CTC is a non-refundable credit and can only reduce your income tax to 0, It can not help you beyond eliminating your tax liability. But, if you have more than $3000 of earned income, some or all of it is usually given back to you thru the "Additional Child tax credit". That is, part of the CTC may be on line 43 of form 1040A instead of line 35 (lines 67 & 52 of form 1040). In the on-line version of TT, the main Form 1040, 1040A or 1040EZ can be seen through Tools, View Tax Summary, Preview My 1040 or go to Print Center and then choose to Preview. The ACTC is calculated on form 8812; that form is not viewable in the online version of TT until you have paid for your return. But, the ACTC is basically 15% of your earned income over $3000.

5. You are the custodial parent and the non-custodial parent is claiming the dependent this year. The CTC goes with the dependency, even though the custodial parent still gets the Earned Income Credit, Dependent care credit and Head of Household.
6. Another possibility is that part of your tax due is not regular income tax, but is self-employment, early distribution penalty or another type of additional tax, for which the CTC cannot be used.

To get a 'second opinion' on-line direct from IRS, try https://www.irs.gov/uac/is-my-child-a-qualifying-child-for-the-child-tax-credit