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.
$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?
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.
How to Complete IRS Form 2441 for Child Care Tax Credits
Many taxpayers that pay for child care are eligible for a federal tax credit to help reduce their annual federal tax liability. This article and video tutorial cover the Form 2441 and how to claim the child care tax credit.
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.
How to Complete IRS Form W-10 for a Dependent Care Provider
The IRS Form W-10 is a withholding certificate for a dependent care provider. This information is used by parents to claim a dependent care tax credit on their Form 1040 tax return.