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January 16, 2025
Question

My dependent is 16 years old but I didn't get the full $2000 child credit. Why not? I got a $500 additional credit but the standard deduction for my dependent.

  • January 16, 2025
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    1 reply

    Employee
    January 16, 2025

    Check the date of birth you entered in MY INFO.  You cannot get the child tax credit for a child who was older than 16 at the end of 2024.

     

    Did you enter a Social Security number?   Did you say the SSN is valid for employment?

     

    When it asked if she paid for over half her own support did you say NO?

    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/questions/1900923-what-is-the-child-tax-credit

     

    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/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.**