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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.
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.
For 2023 taxes (for returns filed in 2024), the Child Tax Credit is worth $2,000 for each qualifying child. You can claim this full amount if your income is at or below the modified adjusted gross income threshold (see the income phase out information below).
The 2023 Federal Form 1040 Schedule 8812 Child Tax Credit is used to figure the child tax credit (CTC), credit for other dependents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits, while the ACTC is a refundable credit.
The Child Tax Credit (CTC) is worth up to $2,000 per qualifying child (tax year 2023). If you owe less tax than the total of your CTC, you can use Schedule 8812 to claim up to $1,600 as a refundable credit through the Additional Child Tax Credit.
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.
Here are links to articles and videos we've produced about other tax forms and schedules mentioned in this video or in the accompanying article: IRS Form 2555, Foreign Earned Income Article:...
Schedule 8812 (Child Tax Credit) is used to claim the Child Tax Credit (CTC), Credit for Other Dependents (ODC), and Additional Child Tax Credit (ACTC). The CTC and ODC are nonrefundable credits and only provide a credit up to the amount of tax owed.
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.
Schedule 8812 is the IRS tax form designed to help eligible taxpayers claim the additional child tax credit. Schedule 8812 requires information about each qualifying child, including their name, Social Security Number, and relationship to the taxpayer.