Get the free Form 8812

This form is used to determine and claim the Additional Child Tax Credit for eligible filers. It must be completed and attached to Form 1040, Form 1040A, or Form 1040NR during the tax filing process.

How to fill out form 8812

How to fill out Form 8812

1. Gather relevant tax documents, such as your income statements and previous tax returns.
2. Obtain Form 8812 from the IRS website or through tax preparation software.
3. Complete your personal information at the top of the form, including your name, Social Security number, and filing status.
4. Report the number of qualifying children for whom you are claiming the Additional Child Tax Credit.
5. Calculate your total tax liability and any qualifying credits you are eligible for.
6. Follow the instructions to determine the amount of credit you can claim based on your income level.
7. Double-check your calculations and the information filled out to ensure accuracy.
8. Attach Form 8812 to your federal tax return when submitting.

Who needs Form 8812?

1. Taxpayers who have qualifying children under the age of 17 and wish to claim the Additional Child Tax Credit.
2. Individuals who are filing their taxes and meet the income eligibility requirements for the credit.

People Also Ask about

What line is child tax credit on 1040?

Lines 13 & 14 On line 14, enter the smaller of lines 12 or 13. This is your Child Tax Credit and Credit for Other Dependents. You'll also enter this amount on line 19 of your Form 1040, 1040-SR, or 1040-NR. If line 12 is larger than line 14, you may be eligible to claim the Additional Child Tax Credit.

Do I have to fill out a form for child tax credit?

How to claim this credit. You can claim the Child Tax Credit by entering your children and other dependents on Form 1040, U.S. Individual Income Tax Return, and attaching a completed Schedule 8812, Credits for Qualifying Children and Other Dependents.

Who qualifies for form 8812?

The child has to be younger than 17 at the end of the tax year and cannot provide more than half of their own financial support. Finally, each child you claim a credit for has to have have lived with you for more than half of the tax year.

Do you have to opt in for Child Tax Credit?

The Child Tax Credit can be paid in advance, and you can choose to receive monthly payments. To do this, you may need to opt-in for advance payments on the IRS webpage.

Do I need to file Schedule 8812 for Child Tax Credit?

You'll use Form 8812 to calculate your Additional Child Tax Credit. For 2024, 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.

Why am I only getting $2000 for Child Tax Credit?

You can get up to $2,000 per child, but the actual amount you receive depends on your modified adjusted gross income and filing status. High earners may receive a reduced credit amount or may not qualify at all.

Do I have to make $2500 to get a Child Tax Credit?

You have to earn at least $2500 to get the refundable child tax credit. But if you only earned a small amount over $2500, then your credit would be very low. In order to get the full amount of up to $1600 you must earn more than the minimum of $2500. Here is how the refundable amount is calculated:

What is the schedule 1 tax form?

Schedule 1 is used to report types of income that aren't listed on the 1040, such as capital gains, alimony, unemployment payments, and gambling winnings. Schedule 1 also includes some common adjustments to income, like the student loan interest deduction and deductions for educator expenses.

For pdfFiller’s FAQs

What is Form 8812?

Form 8812, also known as the Additional Child Tax Credit, is a tax form used to claim the refundable portion of the Child Tax Credit for eligible taxpayers.

Who is required to file Form 8812?

Taxpayers who are claiming the Child Tax Credit and are eligible for the refundable amount must file Form 8812.

How to fill out Form 8812?

To fill out Form 8812, taxpayers must provide information about their qualifying children, their income, and calculate the additional child tax credit based on the provided data.

What is the purpose of Form 8812?

The purpose of Form 8812 is to allow taxpayers to claim the refundable portion of the Child Tax Credit, helping to reduce their tax liability or provide a refund.

What information must be reported on Form 8812?

Form 8812 requires reporting information about qualifying children, their Social Security numbers, taxpayer's income, and any prior Child Tax Credit amounts.