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  2. Child Tax Credit - Internal Revenue Service

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

    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 to claim a partial credit. Use our Interactive Tax Assistant to check if you ...

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

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

    A7. The Child Tax Credit is reduced (“phased out”) in two different steps, which are based on your modified adjusted gross income (AGI) in 2021. The first phaseout can reduce the Child Tax Credit down to $2,000 per child.

  5. The child tax credit benefits eligible parents

    www.irs.gov/newsroom/the-child-tax-credit-benefits-eligible-parents

    The credit begins to phase out at $200,000 of modified adjusted gross income. This amount is $400,000 for married couples filing jointly. Taxpayers can use the worksheet on page 6 of Publication 972, Child Tax Credit PDF , to determine if they can claim this credit.

  6. 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 ...

  7. 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).

  8. 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).

  9. The first phaseout can reduce the Child Tax Credit to $2,000 per child. • That is, the first phaseout step can reduce only the $1,600 increase for qualifying children ages 5 and under, and the $1,000 increase for qualifying children ages 6 through 17, at the end of 2021.

  10. Understanding the Credit for Other Dependents

    www.irs.gov/newsroom/understanding-the-credit-for-other-dependents

    The credit begins to phase out when the taxpayer's income is more than $200,000. This phaseout begins for married couples filing a joint tax return at $400,000. A taxpayer can claim this credit if: They claim the person as a dependent on the taxpayer's return. They cannot use the dependent to claim the child tax credit or additional child tax ...

  11. 2022 Instructions for Schedule 8812 - Internal Revenue Service

    www.irs.gov/pub/irs-prior/i1040s8--2022.pdf

    The enhanced credit allowed for qualifying children under age 6 and children under age 18 has expired. For 2022, the initial amount of the CTC is $2,000 for each qualifying child. The credit amount begins to phase out where modified adjusted gross income exceeds $200,000 ($400,000 in case of a joint return).