Instructions for IRS Form 1040 Schedule 8812 Additional Child Tax Credit

IRS Form 1040 Schedule 8812 Additional Child Tax Credit

This document contains official instructions for IRS Form 1040 Schedule 8812, Additional Child Tax Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1040 Schedule 8812 is available for download through this link.

FAQ

Q: What is IRS Form 1040 Schedule 8812?
A: IRS Form 1040 Schedule 8812 is a form used to claim the Additional Child Tax Credit.

Q: Who can claim the Additional Child Tax Credit?
A: Parents or guardians may claim the Additional Child Tax Credit if they have a qualifying child and meet certain income criteria.

Q: What is a qualifying child?
A: A qualifying child is a dependent child who meets certain criteria set by the IRS, such as age, relationship to the taxpayer, and residency.

Q: What is the purpose of the Additional Child Tax Credit?
A: The Additional Child Tax Credit is designed to provide additional tax relief to taxpayers who have a qualifying child.

Q: How do I fill out IRS Form 1040 Schedule 8812?
A: You will need to provide information about your qualifying child, calculate the credit amount, and complete the worksheet on the form.

Q: What documentation do I need to provide when claiming the Additional Child Tax Credit?
A: You may need to provide documentation such as your child's Social Security number and proof of relationship to the child.

Q: Is there an income limit to claim the Additional Child Tax Credit?
A: Yes, there are income limits for claiming the Additional Child Tax Credit. The limits vary depending on your filing status.

Q: When is the deadline to file IRS Form 1040 Schedule 8812?
A: The deadline to file IRS Form 1040 Schedule 8812 is the same as the deadline to file your federal income tax return, which is typically April 15th.

Q: Can I claim the Additional Child Tax Credit if I have no tax liability?
A: Yes, you may be eligible for a refundable credit if the Additional Child Tax Credit exceeds your tax liability.