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.
Child Tax Credit 2023 – What is a Qualifying Child for the CTC?
In order for a taxpayer to claim the child tax credit (CTC) for a dependent, the dependent must meet the qualifying child test. This article discuss what's required to meet the standard.
TurboTax 2022 Form 1040 – Child Tax Credit on IRS Form 8812
Individuals with qualifying children may be able to claim a child tax credit (CTC) on their Form 1040. This video walkthrough shows how to complete Form 8812 using TurboTax.
Child Tax Credit for 2023 – What Are the Changes?
The Child Tax Credit (CTC) for the 2023 tax year has some changes from the prior tax years. This article covers the main changes and what taxpayers need to know for this tax season.
$3,600 Advanced Child Tax Credit – Will It Be Renewed?
The child tax credit (CTC) is a federal tax credit claimed by taxpayers when they file their annual federal income tax return. For the 2021 tax year, this credit was issued in the form of advanced payments during the latter half of 2021. So, will it be renewed or go back to the old system?
IRS Form 8862 – Disallowed Child Tax Credit
Form 8862 must be completed by a taxpayer when they previously had certain federal tax credits disallowed in a prior tax year for reasons other than math or clerical errors.
Child Tax Credit for 2021 – Who is Eligible?
The child tax credit (CTC) is a federal tax credit that helps millions of families reduce their federal tax liability each year. This article and video discussion covers the basics of the CTC and who is eligible.
IRS Letter 6419 is Incorrect…
The IRS Letter 6419 helps taxpayers reconcile their advanced child tax credit payments received in 2021. Taxpayers should keep this letter and use this information when preparing their Form 1040.
IRS Letter 6419 for Advanced Child Tax Credit Payments
The child tax credit (CTC) is claimed on a taxpayer's annual Form 1040 tax filing. During the 2021 tax year, taxpayers may have received an advanced CTC amount which needs to be reconciled at year-end. The IRS Letter 6419 attempts to confirm with taxpayers what advanced payments they may have received.