Child Tax Credit – How to File with Two Qualifying Children
The Child Tax Credit (CTC) is available to taxpayers with qualifying dependent children. This example covers a family with two qualifying children and how it increases their CTC amount.
Child Tax Credits – Can You Claim with Zero Income?
The Child Tax Credit (CTC) is a federal tax credit helping families with dependent children. In order to claim the credit, you must generally have at least some earned income. If you have zero income, what can you do?
Child Tax Credit and Form 8332 – How to File for Release of Dependent Claim
The Child Tax Credit (CTC) is a valuable federal tax benefit to parents with dependent children. In some cases, separated parents may need to release the dependent claim to the noncustodial parent. This is completed using Form 8332.
Child Tax Credit Updates for 2024 – Should You Wait to File Your Taxes?
The 2024 tax season is underway and there are some pending changes to the child tax credit (CTC). If the current bill is approved and passed into law, the changes could be retroactive.
Child Tax Credits – What is the Support Test?
In order to claim the child tax credit (CTC) taxpayers must have a qualifying child and meet other criteria. This article discusses what it means to meet the "support test" for CTC.
Child Tax Credits – Impact on Unemployment and Welfare Benefits
Many taxpayers with children are eligible for a child tax credit (CTC) when filing their annual Form 1040. A common question is whether the benefit from the CTC impacts their existing unemployment or welfare benefits.
Child Tax Credits – Income Thresholds & Phaseouts
Many taxpayers with children are eligible for a child tax credit (CTC) when filing their annual Form 1040. However, the CTC is subject to phaseouts if the taxpayers' income exceeds certain thresholds.
Child Tax Credit 2023 – Can You Claim CTC With No Income?
Taxpayers with qualifying children can generally claim a child tax credit (CTC) when they file their annual tax return. One of the most common questions each year is "Do I Need Income to Claim the CTC?"
Child Tax Credit 2023 – What is the Additional Child Tax Credit (ACTC)
The ACTC is a component of the child tax credit (CTC). The ACTC refers to the refundable portion of the credit. This article and presentation covers the differences and similarities.
Child Tax Credit 2023 – Does My Child Need an SSN?
In order for a taxpayer to claim the child tax credit (CTC) for a qualifying child, the taxpayer and child must meet many requirements. One such requirement is the qualifying child must have an SSN.