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Should I not receive $1000 per child for CTC? I have 5 children but my CTC is only $2067 and I made less than 50K plus married filing jointly.

Forum|Forum|7 years ago
June 4, 2019
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Best answer by DanielV01

It depends. Chances are you got the correct amount. You are correct that the Child Tax credit is $1000/child (if 16 or younger on Dec. 31, 2017). The Child Tax credit is a nonrefundable credit that reduces your taxable income down to zero, but no farther. However, if you didn't use all of the Child Tax Credit because you only had so much tax liability (as what it sounds like is your case), the remaining portion is potentially refundable in the form if the Additional Child Tax Credit.

So the first amount you see in the form of the Child Tax Credit was limited to how much tax liability you still had, which $2067 sounds about right. But I imagine you'll see 2933 in your breakdown as Additional Child Tax Credit.

Here is an FAQ with a description of this credit: https://ttlc.intuit.com/replies/4862549

DanielV01Answer

Employee

It depends. Chances are you got the correct amount. You are correct that the Child Tax credit is $1000/child (if 16 or younger on Dec. 31, 2017). The Child Tax credit is a nonrefundable credit that reduces your taxable income down to zero, but no farther. However, if you didn't use all of the Child Tax Credit because you only had so much tax liability (as what it sounds like is your case), the remaining portion is potentially refundable in the form if the Additional Child Tax Credit.

So the first amount you see in the form of the Child Tax Credit was limited to how much tax liability you still had, which $2067 sounds about right. But I imagine you'll see 2933 in your breakdown as Additional Child Tax Credit.

Here is an FAQ with a description of this credit: https://ttlc.intuit.com/replies/4862549

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bertmoogAuthor

Ok, that makes sense, but I can't find the ACTC mentioned anywhere. All children are under 16, I have over $3000 in earned income. The same thing happened last year as well, I never saw a refund for ACTC. Where should I look for this?