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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. Section references are to the Internal Revenue Code unless otherwise noted.
- 2020 Instructions for Schedule 8812
Use Schedule 8812 (Form 1040) to figure your child tax...
- 2020 Instructions for Schedule 8812
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.
Complete your Form 1040, 1040-SR, or 1040-NR through line 27 (also complete Schedule 3, line 11) before completing Part II-A. For Paperwork Reduction Act Notice, see your tax return instructions.
28 sie 2024 · For 2023, there are two parts to this form: Part I: should be completed by all filers to claim the basic Child Tax Credit. In Part I, you'll enter information from your Form 1040 and calculate your credit amount. Part II-A: complete to claim the Additional Child Tax Credit.
8 sie 2023 · In this article, we’ll walk through Schedule 8812, including: How to complete this tax form and its accompanying worksheets, step by step. Other tax credits you can claim using Schedule 8812. Crucial information about the child tax credit. Let’s start with a step by step walkthrough of this tax form.
9 kwi 2024 · Form 1040 schedule 8812 can be used to calculate the child tax credit for each qualifying child claimed on your IRS Form 1040 at the end of the tax year. This credit may reduce the amount of tax you owe, or if you do not owe any tax, you may receive the credit as part of your tax refund.
Typically, the taxpayers’ MAGI is the same as their AGI from Form 1040. For more information on MAGI as it applies to the child tax credit, refer to the Instructions for Schedule 8812.
