Question

Why didn't I get child tax credit for 2023 taxes but am for 2024

Forum|Forum|1 year ago
January 31, 2025
1 reply
0 views

head of household, all the qualifications are right. i'm trying to figure out if 2023 tax filing was wrong or if the rules were changed

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xmasbaby0

The rules did not change. The only change to the CTC is that for 2023 the refundable additional child tax credit amount was $1600; for 2024 that is $1700.

The credit is shown on lines 19 and 28 of your Form 1040. Look at your tax forms to see if the credit was there.

If you qualified for it last year it would have been added automatically. Remember that the amount of the additional child tax credit is calculated from the amount of income you earned from working---so you might not get the full amount.

**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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userhousephiliacAuthor

Wow. That's super helpful. Thank you.

TT comparison told me 2023 was zero and 2024 is 2K so that's why this came up.

Upon looking at 2023 1040, the 2K credit is there on line 19 and on schedule 8812 but NOT on line 28 of the 1040. It seems to me that this missing from line 28 is keeping the 2K out of the total Payments calculation on lines 32, 33 and therefore refund. Difficult to tell if i got the credit or not, but i'm leaning to not and needing to amend.

Tax guy from Intuit who just called me said it's 2k in 2024 but was 1.9k in 2023

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xmasbaby0

Here is how the additional child tax credit that ends up on line 28 is calculated:

Take the amount you earned from working, subtract $2500, and multiply what is left by 15%. That is your additional child tax credit ---- up to a maximum of $1700 per child for 2024. For 2023 that maximum was $1600.

**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.**