How to Claim Child Tax Credit 2022

This article will guide your to understand how the child tax credit works and how you can claim yours.

Child Tax credit was designed to help taxpayers support their families through the initiative of the US government. 

What Is the Child Tax Credit?

Child Tax Credit is a tax benefit granted to American taxpayers for each qualifying dependent child.

How Child Tax Credit Works

There were several changes in the Child Tax Credit during 2020 till 2021 tax year. In the changes made in 2021, it was mandated by the American Rescue Plan, are limited to just that single tax year. 

How to Qualify for the Child Tax Credit

There are two qualifications that must be met in order to qualify for thr Child Tax credit just incase you didn't know. 

1. The person receiving the credit must be a qualifying taxpayer: this states that "A taxpayer may be entitled to credits with respect to siblings, grandchildren, nieces, and nephews if they meet the dependency, age, citizenship, and residency requirements." Although an adopted and  foster children also can qualify for the child tax credit. 

2. The dependent child also must meet tax law requirements: this states that  individuals must be U.S. citizens, U.S. nationals, or U.S. resident aliens and must meet the dependency, age, and residency requirements. 

How to Claim the Child Tax Credit

A Taxpayer can claim the Child Tax Credit through file Form 1040 even if the tax payer does not file a Federal tax return.  

 

The taxpayer is, expected to attach Schedule 8812 (Credits for Qualifying Children and Other Dependents).

What is Schedule 8812?

Schedule 8812 is used to determine the amount of Child Tax Credit a taxpayer is eligible for.