Oct 16, 2024 · 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.

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Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other dependents (ODC), and additional child tax credit (ACTC).

Feb 21, 2025 · You'll use Form 8812 to calculate your Additional Child Tax Credit. For 2024, 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.

Jan 30, 2025 · Schedule 8812 is a key part of tax filing for families seeking to maximize their benefits. It addresses the Additional Child Tax Credit (ACTC), which provides financial relief for taxpayers eligible for more than the basic child tax credit. Proper use of this form can lead to significant savings.

taxpayer may be able to qualify for the refundable additional child tax credit on Schedule 8812, Credits for Qualifying Children and Other Dependents. In this chapter, we will learn about both credits and their

Dec 3, 2024 · Some of the most important tax credits are child and dependent tax credits, which eligible taxpayers calculate on Schedule 8812 of their Form 1040, 1040-SR, or 1040-NR. In this article, we’ll walk through Schedule 8812, including: How to complete this tax form and its accompanying worksheets, step by step; Eligibility criteria

IRS Schedule 8812 is used to figure the Child Tax Credit (CTC), Credit for Other Dependents (ODC), and the Additional Child Tax Credit (ACTC) for qualifying taxpayers who use Form 1040, 1040-SR, or 1040-NR.

Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other depend-ents (ODC), and additional child tax credit (ACTC). Section references are to the Internal Revenue Code unless otherwise sions), you can’t claim the CTC, ODC, or ACTC on either your origi-noted. nal or an amended 2024 return.

The child tax credit is reported on line 28 of the 1040 Form since it is refundable for most people this year.. The calculations for the amount reported on line 28 are on Form 8812, Line 14i (US Residents) or 15h (Non US residents).