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Old 02-14-2013, 10:02 PM   #1
hollieplus2
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Taxes-child credit

So I'm doing our taxes on the HR Block website and at the end it shows you the difference between last year and this year. Well they are pretty close except it shows last year we didn't get a $900 credit like we did this year. I went and looked up the credit and its the child tax credit. Was there something funky or wierd about the credit last year and I just can't remember? We always get the credit. We only have 1 kid but I'm afraid we made a mistake on last years return.
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Old 02-14-2013, 11:12 PM   #2
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Did your child turn 17 last year by chance?
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Old 02-14-2013, 11:12 PM   #3
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You should get a $1000 credit per child. Same this year as last year.

Are you sure the $900 wasn't for a child care credit? Daycare type thing?
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Old 02-15-2013, 06:12 AM   #4
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Might you have made a lot more last year than this year?

The child tax credit is reduced or limited after you make a certain amount ($110,000 if you're married filing joint, $75,000 for single or head of household and $55,000 for married filing separate). The more you make, the larger the credit is reduced. So, if you have one child and you made over $130,000 last year (assuming married filing joint), you did not qualify for the credit. However, if you and your spouse made less than $110,000 this year, you qualified for the full credit.
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Old 02-15-2013, 06:38 AM   #5
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I will confirm pp Child Credit is #based on income tho 1,000 is your max return its like a hill with your income Lil to middle then middle to max depends on what ya get ALSO #17 is cut off Yes they are still your dependent yet NO child credit even if they turned 17 Dec29 you get 0$ for that year--If you don't see a difference in one of those 2 guidelines something is wrong this year or last?!? Good Luck
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Old 02-15-2013, 06:48 AM   #6
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Get a live person to look at tour 2011 return. If you made a mistake you can file a Form 1040-X to amend the 2011 return. If you used Block's online service, take it to a Block office (if you trust them) and they should not charge you for this.
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Old 02-15-2013, 06:59 AM   #7
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Quote:
Originally Posted by Cheshire Figment
Get a live person to look at tour 2011 return. If you made a mistake you can file a Form 1040-X to amend the 2011 return. If you used Block's online service, take it to a Block office (if you trust them) and they should not charge you for this.
YES Definitely if you feel there is a mistake get it physically looked at keyword mistake it sounds as though you honestly don't know just filled in blanks You should be able to call if you used H&R both years a rep can look at your info in office then let you know if its something they can walk you through or if you need to come in!
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Old 02-15-2013, 09:28 AM   #8
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Yea I think I need someone to review. Our DS is only 12 so age isn't a factor. We made about 5k more this year than last combined and we are eligible for $900 vs the full $1000. I must have done something wrong maybe. Just wasn't sure if some obscure tax thing happened last year that I couldn't remember.
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Old 02-15-2013, 09:58 AM   #9
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The child credit depresses me. We make too much so we will be lucky to get $50 from it. I understand it is to help those with less income support their children, but that doesn't mean I can't be bummed about it.
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Old 02-15-2013, 10:15 AM   #10
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ALSO #17 is cut off Yes they are still your dependent yet NO child credit even if they turned 17 Dec29 you get 0$ for that year
Ugh, didn't know that! I just assumed it was 18. My DD was 17 this past November.
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Old 02-15-2013, 10:16 AM   #11
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Get a live person to look at tour 2011 return. If you made a mistake you can file a Form 1040-X to amend the 2011 return. If you used Block's online service, take it to a Block office (if you trust them) and they should not charge you for this.
Defiently....
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Old 02-15-2013, 10:31 AM   #12
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This is the standard deduction. Did you itemize a different way last year. It is possible that you benefited from itemizing and not using the standard deduction. It is also possible that it was missed and they owe you from last year. I agree with letting someone review our 2011 tax forms to make sure they are correct.
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Old 02-15-2013, 10:46 AM   #13
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Quote:
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Ugh, didn't know that! I just assumed it was 18. My DD was 17 this past November.
DS is turning 17 this coming spring. 2012 was the last year for the Child Tax Credit for me, unfortunately.

OP - agree with others, have your return from last year reviewed and file an amended return. It's quite easy - I had to do one a few years ago.
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Old 02-15-2013, 11:16 AM   #14
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Quote:
Originally Posted by LadyBeBop View Post
Might you have made a lot more last year than this year?

The child tax credit is reduced or limited after you make a certain amount ($110,000 if you're married filing joint, $75,000 for single or head of household and $55,000 for married filing separate). The more you make, the larger the credit is reduced. So, if you have one child and you made over $130,000 last year (assuming married filing joint), you did not qualify for the credit. However, if you and your spouse made less than $110,000 this year, you qualified for the full credit.
Ditto on this. We had a rude awakening the more we started making. We now get almost nothing for the kids.
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Old 02-15-2013, 03:02 PM   #15
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Quote:
Originally Posted by mm1971
This is the standard deduction. Did you itemize a different way last year. It is possible that you benefited from itemizing and not using the standard deduction. It is also possible that it was missed and they owe you from last year. I agree with letting someone review our 2011 tax forms to make sure they are correct.
Thanx mm1971 we always itemize therefore didnt think of that one
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