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2 replies

February 11, 2020

How much income are you reporting and did you answer all EIC yes or no questions?

macuser_22
Employee
February 11, 2020

Assuming that you mean the child tax credit:

 

For the child tax credit of $2,000 per child.

The child must have been no older than 16 at the end of 2019.


The amount of child tax credit you can receive is limited by your taxable income (1040 line 10)
If your taxable income is zero, then you are not eligible for any child tax credit.

However, if you do not qualify for the Child Tax Credit, and if your earned income is greater than $2,500, you might be eligible for the Additional Child Tax credit. That amount is 15% of earned income greater then $2,500 up to a maximum of $1,400.

Too high of an income will reduce or eliminate the CTC also.
Married Filing Joint - $400,000
Single, Head of Household, or Married Filing Separate-- $200,000

The child tax credit will be reported on lone 13a on the 1040 form. Additional Child tax credit on line 18b on the 1040 form.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
February 11, 2020

5 year old daughter. I made $4,000 last year. Single. Head of household. 

SusanY1
February 11, 2020

As macuser_22 described, the credit is based on your income and is 15% of income over $2500. 

 

For income of $4,000, the child tax credit would be 15% of $1500 (the amount over $2500) or $255.

 

Other factors may be limiting your total refund to $140, but at most, your child tax credit with $4,000 of income would be $255.

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