My understanding was that, if I had a certain amount of taxable income, including withdrawals from my retirement account (which can't be exempted by the 2555), I would be eligible for the Child Tax Credit. Two years ago I received the CTC. Last year I didn't, because, although I took money from my retirement fund, much of it was not categorized as taxable income.==========> The refundable credit cannot be received if the earnings are excluded using the Foreign
Earned Income Exclusion.however, it is possible to claim the FEIE on only one of the spouse?s earnings, thereby, making the other spouse?s earnings eligible for the additional child tax credit. (This spouse can additionally utilize the foreign tax credit to reduce US taxes due).
Am I actually not eligible for the credit, or have I entered something incorrectly? Can anyone tell me how much taxable income I need to have in order to be eligible for the CTC?====> As your modified adjusted gross income increases, the child tax credit begins to phase out. You must reduce the child tax credit If the mount listed on Form 1040, line 46 is less than the credit. If these amounts are zero, you cannot take th he credit because there is no tax to reduce.
The credit is reduced $50 for every $1k or portion of $1k-- that your modified AGI is more than:$110k if married filing jointly
$55kif married filing separatel
For 2016, the Child Tax Credit is at least partially refundable if you had an earned income of more than $3k you may follow the instructions here by visiting the website here. https://www.efile.com/do-i-qualify-f...o-is-eligible/