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Child Tax Credit
Have a mother that has a TIN claiming 2 qualifying children under the age of 17 with social security numbers, yet the CTC is not credited. Any ideas why? TIA
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Does she have an INCOME tax liability? Im not sure if CTC will reduce SE taxes or not....look at the 1040, follow the money, does the SE tax get computed on the line beneath the CTC or above it?
I think CTC only reduces income tax, not SE tax. The refundable portion of ACTC would reduce SE Taxes, but you wouldnt get that unless you had regular income tax liability as well.
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