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Why did my Child Tax Credit Decrease?

Forum|Forum|7 years ago
June 4, 2019
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I had a baby in 2016, yet my child tax credit went from $3,250 for 2015 to $2,900 for 2016, why?

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Best answer by Celery63

The Child Tax Credit, available only for a child 16 or under at the end of the tax year, is a non-refundable credit that can be used only to offset tax. You get only enough child tax credit to reduce your tax to zero, up to a maximum of $1,000 per child. If your other deductions and credits have reduced your tax to zero when the child tax credit is calculated, you do not get any child tax credit.

C

Celery63Answer

The Child Tax Credit, available only for a child 16 or under at the end of the tax year, is a non-refundable credit that can be used only to offset tax. You get only enough child tax credit to reduce your tax to zero, up to a maximum of $1,000 per child. If your other deductions and credits have reduced your tax to zero when the child tax credit is calculated, you do not get any child tax credit.