Question

I'm only getting 500 for my child. Is it supposed to be 2000 this year?

Forum|Forum|7 years ago
June 4, 2019
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TurboTax Deluxe Online

Employee

There are two types of dependents, "Qualifying Children"(QC) and standard ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, a relationship test and residence test. Only a QC qualifies a taxpayer for the Earned Income Credit and the Child Tax Credit. They are interrelated but the rules are different for each.

There is an additional age requirement for the $2000 Child tax credit (CTC). The QC must be under age 17.

So, a Qualifying relative dependent and a qualifying child, over 16, only gets you the $500 (non-refundable) "Dependent credit", not the $2000 Child tax credit