Taxes-child credit - The DIS Discussion Forums

hollieplus2 · 02-14-2013, 10:02 PM

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.

April7901 · 02-14-2013, 11:12 PM

Did your child turn 17 last year by chance?

ShelsGoingToDisney · 02-14-2013, 11:12 PM

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?

LadyBeBop · 02-15-2013, 06:12 AM

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.

Crystal Brewer · 02-15-2013, 06:38 AM

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

Cheshire Figment · 02-15-2013, 06:48 AM

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.

Crystal Brewer · 02-15-2013, 06:59 AM

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!

hollieplus2 · 02-15-2013, 09:28 AM

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.

StitchesGr8Fan · 02-15-2013, 09:58 AM

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.

Jenny3 · 02-15-2013, 10:15 AM

Quote:

Originally Posted by Crystal Brewer

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.

wiigirl · 02-15-2013, 10:16 AM

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.

Defiently....

mm1971 · 02-15-2013, 10:31 AM

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.

It'sWDW4me · 02-15-2013, 10:46 AM

Quote:

Originally Posted by Jenny3

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.

jmac323 · 02-15-2013, 11:16 AM

Quote:

Originally Posted by LadyBeBop

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.

Crystal Brewer · 02-15-2013, 03:02 PM

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

02-14-2013, 11:12 PM	#3
ShelsGoingToDisney DIS Veteran Join Date: Oct 2005 Posts: 1,188	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? __________________ Shel Sean Joey Alayne Sam Offsite ~ July 1983, June 1992, March 2001; Poly/ASMovies~Jan 2006;Poly~April 2006;Pop/Poly~Jan 2008;CR~March 2009;BC~Oct 2009;POP~July 2010;Harry Potter trip~Jan 2011;Endeavour Launch Trip~April 2011;Atlantis Launch Trip~July 2011;POR~May 2012; Disney Fantasy Cruise ~ May 2012;Joey's 13th Birthday Christmas Decor Trip ~ Nov/Dec.2012

02-15-2013, 06:12 AM	#4
LadyBeBop DIS Veteran Join Date: Feb 2009 Location: Northern Kentucky, right outside Cincinnati Posts: 1,040	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. __________________ A Not So Scary 5th Birthday PTR...October 2013 http://www.disboards.com/showthread....1#post46564357

02-15-2013, 06:38 AM	#5
Crystal Brewer Mouseketeer Join Date: Feb 2013 Posts: 123	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 __________________ http://distickers.com/ticker/tickers...5idjctdyn3.png

02-15-2013, 06:48 AM	#6
Cheshire Figment Friend of Figment Join Date: Jan 2001 Location: Poinciana, FL (20 miles to WDW) Posts: 36,609	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. __________________ 41 WDW Stays Totalling 321 nights between 1987 and mid-2003. Animal Kingdom Lodge; All Stars(2); Beach Club; Boardwalk Inn; Caribbean Beach (9); Contemporary Tower (13); Courtyard (2); Disney Institute; Dixie Landings; Grand Floridian; Grosvenor; Hilton; Old Key West; Polynesian; Port Orleans; Royal Plaza; Shades of Green; Wilderness Lodge; Marriott World Center (3); Other Off-Property (Other Than just 1st or last Night) (8). Now Working Part Time at Walt Disney World! (Guest Services/Ticket Sales/Turnstile Greeter) A few very helpful links which are on DisBoards: Everything About WDW Tickets and this one disABILITIES FAQs

02-15-2013, 09:28 AM	#8
hollieplus2 Tags always make people happy I kept saying chewable My toes might appreciate some alone time Join Date: Apr 2006 Location: Not close enough Posts: 1,323	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. __________________ DH ME DS July 2006---Pop, ASMovies, Animal Kingdom September/October 2007---POFQ December 2009---WDW & DCL September 2012---POR/ToT 10 Miler

02-14-2013, 10:02 PM	#1
hollieplus2 Tags always make people happy I kept saying chewable My toes might appreciate some alone time Join Date: Apr 2006 Location: Not close enough Posts: 1,323	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. __________________ DH ME DS July 2006---Pop, ASMovies, Animal Kingdom September/October 2007---POFQ December 2009---WDW & DCL September 2012---POR/ToT 10 Miler

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02-14-2013, 11:12 PM	#2
April7901 Earning My Ears Join Date: Feb 2013 Posts: 53	Did your child turn 17 last year by chance?

02-15-2013, 09:58 AM	#9
StitchesGr8Fan DIS Veteran Join Date: Jul 2009 Posts: 1,888	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. __________________ '86-offsite, '91-Buena Vista Palace, '92-offsite, '97-offsite, '98-Magic Music Days, '06-ASMu, '07-FtW, '09-ASMu,'10-POR,'12-Poly (Honeymoon!)

02-15-2013, 10:31 AM	#12
mm1971 I know I left that "post" button around here somewhere? Join Date: Aug 2011 Location: Massachusetts Posts: 3,646	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. __________________ (Jim) (W) (DS12) (DD10) DD# 714

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