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afcmls
February 1, 2020
Question

Why do I not qualify for the additional child tax credit

  • February 1, 2020
  • 1 reply
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xmasbaby0
Employee
February 1, 2020

The child tax credit is a credit of UP to $2000, but not everyone gets the full amount.  First the credit is applied to any tax you owe.  Then the "refundable" amount of up to $1400 is calculated.  Look at box 1 of your W-2.  Subtract $2500 from that.  Then take that number and multiply by 15%.  That is your refundable amount --or "additional child tax credit" amount.   If you did not earn at least $2500 you cannot get any child tax credit at all.

 

 

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

**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.**
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