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Child tax credit not given

Forum|Forum|5 years ago
April 3, 2021
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Why is is that I don't get the child tax credit? I was on unemployment all year and had a negative income from the S-Corp I have. System says I don't qualify

Best answer by macuser_22

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

The child must have been no older than 16 at the end of 2020.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 15)
If your taxable income is zero, then you are not eligible for any child tax credit.

macuser_22Answer

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

The child must have been no older than 16 at the end of 2020.

The amount of child tax credit you can receive is limited by your taxable income (1040 line 15)
If your taxable income is zero, then you are not eligible for any child tax credit.

**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.**