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March 6, 2025
Question

Child tax credit versus credit for other dependents

  • March 6, 2025
  • 2 replies
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Why is the credit for a child born in November 2024 only the $500 "other dependents" credit versus the $2000 child tax credit? In 2022 my granddaughter was born in December and the full $2000 credit was received.

    2 replies

    March 6, 2025

    If the child is under the age of 17 and you are not getting the CTC it may be that you entered something incorrectly in MY INFO for the child.

     

     

    Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2024 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.

     

    Have you entered income from working in 2024?  If not,  you will not receive an income tax refund based on having dependent children.

     

      The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.  

     

    Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you can get—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.

     

     If your child is older than 16 at the end of 2024, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah

    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.**
    March 6, 2025

    There is no difference based on the month the child was born in. There is some other difference in your situation.

     

    Please review the IRS's Child Tax Credit . Do you have several children? Is it possible that you are getting confused about which credit goes to which? For example, when child turns 17, he/she loses the Child Tax Credit but is eligible for the credit for other dependents (which is $500).

     

    Note on the IRS page above that there is a link to the Interactive Tax Assistant to see if you’re eligible to claim the CTC, ACTC or ODC.

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