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  2. Child Tax Credit - Internal Revenue Service

    www.irs.gov/credits-deductions/individuals/child-tax-credit

    To be a qualifying child for the 2023 tax year, your dependent generally must: You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return). Parents and guardians with higher incomes may be eligible ...

  3. 2021 Child Tax Credit and advance Child Tax Credit payments —...

    www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax...

    A3. For purposes of the Child Tax Credit and advance Child Tax Credit payments, your modified AGI is your adjusted gross income (from the 2020 IRS Form 1040, line 11, or, if you haven’t filed a 2020 return, the 2019 IRS Form 1040, line 8b), plus the following amounts that may apply to you.

  4. Advance Child Tax Credit payments in 2021 - Internal Revenue...

    www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

    If you received advance payments of the Child Tax Credit, you need to reconcile (compare) the total you received with the amount you’re eligible to claim. To reconcile advance payments on your 2021 return: Get your advance payments total and number of qualifying children in your online account. Enter your information on Schedule 8812 (Form 1040).

  5. Refundable tax credits - Internal Revenue Service

    www.irs.gov/credits-deductions/individuals/refundable-tax-credits

    If you paid qualified education expenses for an eligible college student, you may be able to claim a credit of up to $2,500 per year. Up to $1,000 of the American Opportunity Tax Credit is refundable. Your income must be $90,000 or less ($180,000 or less for married filing jointly) to claim the credit. Find details on the American Opportunity ...

  6. 2021 Child Tax Credit and advance Child Tax Credit payments —...

    www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax...

    A2. Generally, nothing. If you were eligible to receive advance Child Tax Credit payments based on your 2020 tax return or 2019 tax return (including information you entered into the Non-Filer tool for Economic Impact Payments on IRS.gov in 2020, or the Child Tax Credit Non-filer Sign-up Tool in 2021), you generally received those payments automatically without needing to take any additional ...

  7. Tax year 2021/filing season 2022 Child Tax Credit frequently...

    www.irs.gov/credits-deductions/tax-year-2021-filing-season-2022-child-tax...

    A5. Yes, if your 2021 income is high enough, the amount of Child Tax Credit you can claim will be reduced. The amount of your Child Tax Credit will not be reduced if your 2021 modified adjusted gross income (AGI) is at or below: $150,000 if you are married and filing a joint return, or if you are filing as a qualifying widow or widower;

  8. How the expanded 2021 child tax credit can help your family

    www.irs.gov/newsroom/how-the-expanded-2021-child-tax-credit-can-help-your-family

    The maximum credit amount has increased to $3,000 per qualifying child between ages 6 and 17 and $3,600 per qualifying child under age 6. If you're eligible, you could receive part of the credit in 2021 through advance payments of up to: $250 per month for each qualifying child age 6 to 17 at the end of 2021. $300 per month for each qualifying ...

  9. Child and Dependent Care Credit FAQs - Internal Revenue Service

    www.irs.gov/newsroom/child-and-dependent-care-credit-faqs

    Work-related expenses (Q18-Q23) The child and dependent care credit is a tax credit that may help you pay for the care of eligible children and other dependents (qualifying persons). The credit is calculated based on your income and a percentage of expenses that you incur for the care of qualifying persons to enable you to go to work, look for ...

  10. Update to Additional Child Tax Credit (ACTC) amount in the 2023...

    www.irs.gov/forms-pubs/update-to-additional-child-tax-credit-actc-amount-in...

    The enhanced credit allowed for qualifying children under age 6 and children under age 18 has expired. For 2023, the initial amount of the CTC is $2,000 for each qualifying child. The credit amount begins to phase out where modified AGI income exceeds $200,000 ($400,000 in the case of a joint return).

  11. 2021 Child Tax Credit and advance Child Tax Credit payments —...

    www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax...

    If we had not processed your 2020 tax return when we determined the amount of your advance Child Tax Credit payment for any month starting July 2021, we estimated the amount of your 2021 Child Tax Credit based on information shown on your 2019 tax return (including information you entered into the Non-Filer tool on IRS.gov in 2020).