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Use Schedule 8812 (Form 1040) to figure your child tax credits, to report advance child tax credit payments you received in 2021, and to figure any additional tax owed if you received excess advance child tax credit payments during 2021.
Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other dependents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit.
Department of the Treasury Internal Revenue Service (99) Credits for Qualifying Children and Other Dependents. . . . . . 1040 . . . . 1040-SR . . . . . . . . . 1040-NR. Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Schedule8812 for instructions and the latest information.
SCHEDULE 8812 (Form 1040) Department of the Treasury Internal Revenue Service Credits for Qualifying Children and Other Dependents Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Schedule8812 for instructions and the latest information. OMB No. 1545-0074. 2023. Attachment Sequence No. 47. Name(s) shown on return . Your social ...
Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other depend-ents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit. Section references are to the Internal Revenue Code unless otherwise noted.
Use Schedule 8812 (Form 1040) to figure your child tax credits, to report advance child tax credit payments you received in 2021, and to figure any additional tax owed if you received ex-cess advance child tax credit payments during 2021.
OVERVIEW. If you have children and a low tax bill, you may need IRS Form 8812 to claim all of your Child Tax Credit. TABLE OF CONTENTS. Form 8812. Changes to the Additional Child Tax Credit. Qualifying children requirement. Click to expand. Key Takeaways. The Child Tax Credit (CTC) is worth up to $2,000 per qualifying child (tax year 2023).
Introduction. The child tax credit is unique because if a taxpayer cannot benefit from the nonrefundable credit, the taxpayer may be able to qualify for the refundable additional child tax credit on Schedule 8812, Credits for Qualifying Children and Other Dependents.
You can claim the Child Tax Credit as part of filing your annual tax return with Form 1040. You’ll also need to complete and include Schedule 8812 (Credits for Qualifying Children and Other Dependents).
Schedule 8812 is a supplementary tax form used by U.S. taxpayers to determine whether or not they qualify for the ACTC. The ACTC is designed for individuals who qualify for the CTC but do not receive the full amount of the credit due to its non-refundable nature.