My Daughter is a 19 year old full time college student and should qualify for the child tax credit, but turbo is only giving me $500

Forum|Forum|2 years ago
April 6, 2024
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TurboTax Deluxe Online

xmasbaby0

Employee

Sorry--you lose the child tax credit when they turn 17. For a child older than 16 you only get the $500 credit for other dependents.

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-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.**

Hal_Al

Employee

This is a common misunderstanding of the rules. Your over 16 child qualifies as your, so called, "Qualifying Child" (QC) dependent because she is a full time student, under 24. But that does not apply to qualifying for the child tax credit. She still must be under 17. Being a QC does qualify for the Earned Income Credit.