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Jamal Wilson

CTC showing $0 for 4 children on tax return despite qualifying income - ACTC received

Looking at my tax return breakdown and confused. I'm claiming 4 kids but seeing $0 for Child Tax Credit, though I did get the Advanced Child Tax Credit. My income was $22,459 for the year. Can someone explain why the CTC is showing zero?

Mei Lin

This is actually pretty common for 2023 tax returns. The CTC shows as $0 because you received monthly Advanced Child Tax Credit payments during the year. The ACTC you're seeing is the remaining portion you were eligible for. The total CTC for 2023 was $2000 per child - whatever you received in advance is subtracted from this amount.

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Jamal Wilson

Oh that makes sense! Do you know how I can check how much I got in advance payments?

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Mei Lin

You can check your advance payments on the Child Tax Credit Update Portal on IRS.gov or check Letter 6419 that IRS sent in January

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Liam Fitzgerald

Have you tried using taxr.ai? Its literally a game changer for understanding your transcript and tax situation. Cost me a buck but saved me hours of research and stress. Here's the link: https://taxr.ai

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Amara Nnamani

Is it legit? Been seeing it mentioned alot lately 🤔

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Liam Fitzgerald

100% legit! It breaks everything down and tells you exactly what's happening with your refund. Better than playing detective with transcripts lol

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Amara Nnamani

Just tried it and OMG where has this been all my life?! 💯 Finally understand wtf is going on with my refund!

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Giovanni Mancini

im in the exact same boat! 3 kids tho. was freaking out when i saw the zero but turns out its cause of the advance payments

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NebulaNinja

Make sure to keep Letter 6419! You'll need it for your records incase IRS comes back with questions about the advanced payments

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Jamal Wilson

what if i lost the letter? 😬

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NebulaNinja

You can request a transcript of the letter through your IRS account online or call them (good luck with that tho lol) 🙄

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Fatima Al-Suwaidi

The whole advance payment system is a mess tbh. Had the same panic attack when I saw zeros everywhere on mine

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Dylan Mitchell

fr fr the IRS needs to make this stuff clearer 🤦‍♀️

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Sofia Morales

With your income level, you should qualify for Additional Child Tax Credit which is refundable. Make sure thats showing up correctly!

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