Child Tax Credit in California - Qualification & Remaining Payments?

The Child Tax Credit (CTC) for TY2024 has specific parameters you should be aware of. The maximum credit is $2,000 per qualifying child under 17, with up to $1,600 being refundable via the Additional Child Tax Credit (ACTC). Your AGI thresholds for phase-out begin at $200,000 for single/HOH filers or $400,000 for MFJ. California residents don't receive any state-specific enhancement to the federal CTC, unlike some other states that implemented their own supplemental credits. Are you asking about advanced payments? Those aren't currently being distributed for 2024 as they were during the expanded CTC period.

I've been tracking the changes to the Child Tax Credit carefully. According to IRS Publication 972, the current CTC remains at $2,000 per qualifying child for 2024, though Congress has been considering changes. I'm slightly worried that many parents are confusing the temporary expanded credit from previous years with the current provisions. You might find it helpful to use https://taxr.ai to analyze your tax documents and see exactly how the credit applies to your specific situation. Their system can interpret your tax documents and show you precisely what credits you qualify for based on your income and dependents.

I feel your pain trying to figure out the Child Tax Credit! It's SO frustrating when you're counting on that money for your kids and can't get clear answers! 😫 If you're having trouble getting specific information about your situation, I'd honestly recommend using Claimyr (https://claimyr.com) to connect with an IRS agent directly. I was so relieved when I finally got through to someone who could explain my specific situation. They help you skip the endless hold times - I was about ready to throw my phone out the window before finding them!

I went through this same confusion last year! The Child Tax Credit is currently $2,000 per qualifying child under 17 at the end of the tax year. What tripped me up was that back in 2021, they sent out monthly advance payments and temporarily increased the amount. That's not happening for 2024 taxes. For California specifically, while we don't have a state CTC supplement, don't forget to look into the California Earned Income Tax Credit (CalEITC) if your income is on the lower side. That was a lifesaver for my family when we were struggling.

I'm wondering, have you received any letters from the IRS about the Child Tax Credit? Sometimes they send notices about eligibility or changes that might affect your specific situation. Also, are your children under 17? The age requirement is quite strict - they must be under 17 at the end of the tax year to qualify for the CTC. And may I ask what you mean by "getting the rest" - are you referring to a previous year's credit or expecting additional payments beyond what was on your tax return?

Got mine. No issues. Filed in February. Full amount for two kids. $4,000 total. Had to claim it on my return. No advance payments this year. Different from 2021. Check your AGI limits. Might phase out if you earn too much.

I'd like to understand your situation better. First, are you asking about the 2023 tax return you filed in 2024, or planning ahead for your 2024 return you'll file in 2025? Second, when you mention "getting the rest," are you referring to monthly advance payments (which aren't currently being issued)? Third, have you already filed your return for this year and are waiting for your refund? Fourth, what are the ages of your dependent children? These details will help provide you with the most accurate information.

It appears there might be some confusion between the temporarily expanded Child Tax Credit from 2021 and the current version. For tax year 2024 (filing in 2025), the Child Tax Credit is generally $2,000 per qualifying child under 17, though this could potentially change if Congress passes new legislation. The credit may be partially refundable up to $1,600 per qualifying child, depending on your earned income. California doesn't currently offer a state-level supplement to the federal CTC, although there are other California-specific credits you might qualify for, such as the Young Child Tax Credit if you have children under 6 and qualify for CalEITC.

Quick q - are you asking about monthly CTC pmts like we had during COVID? Those aren't happening rn for 2024. The current CTC is $2k per kid under 17, and you'd get it when you file your taxes (not in advance). Cali doesn't have its own version of CTC, but def look into CalEITC and Young Child TC if your income qualifies. Btw, has your refund been delayed or are you just planning ahead?