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When to file 8812 Form: What You Should Know
Gov When can I use the Child Tax Credit? The child tax credit is a credit you can use to reduce your tax. It's not a refund. You only get the credit if your income is more than the credits and limits. For example: If the annual income requirement is 18,650 (or 19,050 if you were a head of household) and you didn't qualify for the tax credit because your adjusted gross income for 2024 is less than 18,650 (19,050 is the maximum for a 1-earner w if you're filing a joint return), you can't apply. Similarly, if the annual income requirement for 2024 is 46,250 (51,250 if you're married filing jointly), you can't apply. However, if you had an adjusted gross income for 2024 of 52,650 (or 54,100 if you're married filing jointly), you could use the child credit for 2018, even if you're under the IRS income limits. Or, you may want to take advantage of the credit for 2017, even if your income is 53,100 or more. If you didn't meet the income requirements for the 2017, you could use the 2024 child tax credit to reduce your 2024 adjusted gross income (AGI) to qualify for the 2024 credit. To qualify, you must file your taxes using the IRS website at benefits.gov. You can't use the Form 8862. How much child tax credit do I get for a particular 1,000 increase in AGI? You can't get the child tax credit based on your AGI in 2017. Instead, calculate how much you owe in child tax liability and reduce that amount by your child tax credit. Do I get the Child Tax Credit If I Don't File a Tax Return for My Filing Status? Yes, however, your child tax credit is reduced by any amount of child federal income tax withheld as a penalty. For example: You are a single tax filer, so you don't owe any federal income taxes. However, because you don't pay social security, Medicare, or child tax assistance, you get a refund.
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