My wife and I have one son, ROSS, who turned 17 in November. Ross is a...

 

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My wife and I have one son, ROSS, who turned 17 in November. Ross is a senior in high school, and we are still providing all of his support. When we filed our taxes, our refund took a hit of about $1,500 compared to last year's return. The person who did our taxes said something about Ross turning 17 causing us to lose some sort of credit. I looked at our old return, and we did receive the Earned Income Credit for both years. What are we missing, and why didn't we get it? Did our preparer do something wrong? Should we amend our return? $1,500 is a lot to lose if we don't have to. My wife and I have one son, ROSS, who turned 17 in November. Ross is a senior in high school, and we are still providing all of his support. When we filed our taxes, our refund took a hit of about $1,500 compared to last year's return. The person who did our taxes said something about Ross turning 17 causing us to lose some sort of credit. I looked at our old return, and we did receive the Earned Income Credit for both years. What are we missing, and why didn't we get it? Did our preparer do something wrong? Should we amend our return? $1,500 is a lot to lose if we don't have to.

Answer rating: 100% (QA)

a What are we missing and why didnt we get it The tax credit that you are missing is likely the Chil... View the full answer