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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). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit.
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 ...
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The Credit Limit Worksheet A for the Schedule 8812 is a TurboTax internal calculation using the worksheet in the IRS Schedule 8812 instructions on page 4 - https://www.irs.gov/pub/irs-pdf/i1040s8.pdf#page=4
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). This document will help you figure out how much of the Child Tax Credit/Additional Child Tax Credit you’re eligible to receive.
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. In this chapter, we will learn about both credits and their relationship to each other.
Schedule 8812, Credits for Qualifying Children and Other Dependents. 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.
2023 Instructions for Schedule 8812. Credits for Qualifying Children and Other Dependents. 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.
"Line 4 of Schedule 8812 is more than zero." "4. If you are not completing Credit Limit Worksheet B, enter -0-; otherwise, enter the amount from the Credit Limit Worksheet B."field "5. Subtract line 4 from line 3. Enter here and on Schedule 8812, line 13."field *If applicable. Page Last Reviewed or Updated: 28-Sep-2024 ...
2022 SCHEDULE 8812 EARNED INCOME WORKSHEET Keep for Your Records Before you begin: v/ Use this worksheet only if you were sent here from the Credit Limit Worksheet B or the the instructions for line 18a. v/ Disregard community property laws when figuring the amounts to enter on this worksheet.