Turbotax /Incorrect Child Tax Credit

Forum|Forum|1 year ago
January 29, 2025
3 replies
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I am in the process of entering deductions and credits for 2024 and even though I have 2 children, Turbotax is calculating my credit as $2500. My MAGI is below $400k and I am filing married filing jointly. Any ideas on what I need to check?

Best answer by DoninGA

If you have a child who is age 17 or older then they are only eligible for the Other Dependent credit of $500.

DoninGAAnswer

Employee

If you have a child who is age 17 or older then they are only eligible for the Other Dependent credit of $500.

xmasbaby0

Employee

Did a child turn 17 in 2024? You lose the CTC when they turn 17, and instead you get the $500 credit for other dependents.

**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.**

Sargart

I've also encountered the same issue, however, one my kids turned 18 in 2025 and I believe that TT is incorrectly only given me a $500 dependent tax credit for her. My understanding is that since she was 17 in Tax Year 2024 - I should get the full $2000 child tax credit for her.