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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.
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 dependents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit.
You'll use Form 8812 to calculate your Additional Child Tax Credit. For 2023, there are two parts to this form: Part I: should be completed by all filers to claim the basic Child Tax Credit. In Part I, you'll enter information from your Form 1040 and calculate your credit amount. Part II-A: complete to claim the Additional Child Tax Credit.
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.
The child tax credit is a nonrefundable credit that allows taxpayers to claim a tax credit of up to $2,000 per qualifying child, which reduces their tax liability. What do I need? Form 13614-C Publication 4012 Publication 17 Schedule 8812. Optional: Form 1040 Instructions Schedule 8812 Instructions.
In this video I discuss how to fill out out the child tax credit schedule, Schedule 8812 on the Form 1040. I discuss the 3,600 and 3,000 child tax credit amo...