Why do I get the CTC and the ACTC? Whe not just the CTC?

This topic has 4 replies, 2 voices, and was last updated 8 years ago by Kat.

Topic Starter
February 2, 2017 at 10:08 pm #4157483
Lachingona1
Sorry for my ignorance, but can someone explain why I couldn’t just claim the CTC? I thought the CTC was $1000 per child. We have 6 children and together the CTC and the ACTC equal $6000. Why not just the CTC?

Thanks!

Viewing 3 reply threads

Author

Replies
- February 3, 2017 at 12:16 am #4157538
  Kat
  Sorry @Lachingona1, I forgot to actually answer your question.
  
  You probably qualify for the ACTC because you didn’t earn enough income to qualify for the entire CTC. The ACTC will cover the difference.
- February 3, 2017 at 12:00 am #4157532
  Kat
  No, @Brittany.
  
  The “additional” part refers to the credit, not to the child. It’s not for an “additional child”; it’s an “additional credit.”
  
  You could have 17 kids, it makes no difference. You qualify for the ACTC when you don’t qualify for the entire CTC (if you didn’t earn enough income).
- February 2, 2017 at 11:40 pm #4157515
  Pat
  I have 4 kids and I don’t get the actc credit so that’s not true. If you have $6000 in ctc and $6000 in actc then it’s just another extra bonus you could say. But if you don’t have it under both then it’s just the ctc.
- February 2, 2017 at 10:44 pm #4157501
  Brii
  @imperfective
  Because the CTC is one child while ACTC is any child after the first so you have both.
Author

Replies

Viewing 3 reply threads

The forum ‘2017 Tax Season’ is closed to new topics and replies.

igotmyrefund.com (IGMR) is not affiliated with any government agencies. The information we provide is purely speculative. We derive our information from personal experiences and comments from users. We attempt to maintain the most relevant and accurate information available. However, we are neither responsible for false information nor the timeliness of refund status and delivery. DO NOT post the amount of your refund, account numbers or social security number. By commenting you agree that IGMR cannot be held liable for what others may do with your information. We allow comments subject to our sole discretion. If your comment is held for moderation please read How We Moderate Comments HWMC. The links on our site are affiliate links. If you buy something after clicking a link, we may make a small amount of money to support the cost of maintaining and improving the site. This website is owned and independently operated apart from advertisers and is only an affiliate to the companies displayed in ads.