My one son did not receive the child tax cr

Forum|Forum|2 years ago
January 17, 2024
3 replies
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How can I change the on my return

TurboTax Free Edition Online

Best answer by Hal_Al

There are 7 possible reasons; you aren’t getting the Child Tax credit (CTC). It’s usually #4:

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). If the child was with you for 6 months and 1 day, you need to mark that the child was with you 7 months. The CTC is not an automatic $2000, per child. It is income dependent. If you haven't entered your income yet, the CTC will not show.
Your child may be too old (over 16). You can still claim your child, as a dependent. What you can't claim is the Child tax credit. 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 $2000 CTC. Instead you will get the non-refundable (up to) $500 Other Dependent Credit.
Your income is too high. The Child Tax Credit (CTC) is phased out at higher incomes starting at $400,000 for joint filers ($200K single). You lose $50 for each $1000 (rounding up) your income is over that threshold. Previously it was $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for joint filers.
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 $2500 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 28 of form 1040 (2021- 2023) instead of line 19. The ACTC is calculated on form 8812 and is basically 15% of your earned income over $2500. The ACTC is a maximum of $1600 (2023) ($1500 for 2022) per child, not $2000.
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 tax (FICA), early distribution penalty or another type of additional tax, for which the CTC cannot be used.
During covid (2021), the child tax credit was expanded and easier to get. That was temporary and those relaxed benefit rules are no longer available.

DoninGA

Employee

Did you enter any income on the tax return for 2023?

xmasbaby0

Employee

Was your son a newborn? Did you say that he lived with you for the WHOLE year/ You have to say that for a newborn. Or....did he turn 17 in 2023? If he turned 17 you do not get the child tax credit for him any more. You get the $500 credit for other dependents instead.

**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.**

Vanessa A

You said your "one son" does that mean you did get it for your other children? Does it specifically say he does not qualify?

How old is your son? If he is 17 or older, he does not qualify for the Child Tax Credit. But he may still qualify for the $500 nonrefundable Other Dependent Credit.

Or was he born this year? If so, did you enter that he lived with you for the entire year?

How did you answer all of the questions in the personal info section of TurboTax when entering his information.

In order to claim the Child Tax Credit, the following must apply to your son:

He is 16 or younger
Did not provide more than half of his own support
Be able to be claimed as a dependent on your return
Must be a US Citizen, US national or US resident alien
He must have lived with you for more than half of the year
Have a valid social security number.

If he does meet all of the criteria for the Child Tax Credit, then you can go back through and double check his information to be sure there are no entry errors.

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Hal_AlAnswer

Employee

There are 7 possible reasons; you aren’t getting the Child Tax credit (CTC). It’s usually #4:

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). If the child was with you for 6 months and 1 day, you need to mark that the child was with you 7 months. The CTC is not an automatic $2000, per child. It is income dependent. If you haven't entered your income yet, the CTC will not show.
Your child may be too old (over 16). You can still claim your child, as a dependent. What you can't claim is the Child tax credit. 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 $2000 CTC. Instead you will get the non-refundable (up to) $500 Other Dependent Credit.
Your income is too high. The Child Tax Credit (CTC) is phased out at higher incomes starting at $400,000 for joint filers ($200K single). You lose $50 for each $1000 (rounding up) your income is over that threshold. Previously it was $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for joint filers.
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 $2500 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 28 of form 1040 (2021- 2023) instead of line 19. The ACTC is calculated on form 8812 and is basically 15% of your earned income over $2500. The ACTC is a maximum of $1600 (2023) ($1500 for 2022) per child, not $2000.
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 tax (FICA), early distribution penalty or another type of additional tax, for which the CTC cannot be used.
During covid (2021), the child tax credit was expanded and easier to get. That was temporary and those relaxed benefit rules are no longer available.