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February 2, 2023
Question

If I have a federal credit for my child, why is the amount not applying to my federal taxes owed?

  • February 2, 2023
  • 1 reply
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1 reply

VolvoGirl
Employee
February 2, 2023

For the Child Tax Credit on 1040 line 19?  That only reduces the Tax on line 18  (but not to below zero).  Then your withholding is subtracted giving you a refund or tax due.  The CTC rules went back to before 2021.  Last year for 2021 it was increased and you could get it all back.