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41Line 426
Repayment of child tax credit overpayment
If you received a child tax credit prepayment that was more
than your allowable child tax credit, you have to pay back
the difference as calculated
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What is line 426?
Line 426 is used for reporting additional income on a tax return.
Who is required to file line 426?
Taxpayers who have additional income sources beyond their regular income are required to file line 426.
How to fill out line 426?
To fill out line 426, taxpayers must report the amount of additional income they received during the tax year.
What is the purpose of line 426?
The purpose of line 426 is to ensure that all sources of income are properly reported and taxed.
What information must be reported on line 426?
Taxpayers must report any additional income sources such as rental income, investment income, or side gig earnings on line 426.
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