What is the additional child tax credit Schedule 8812?

IRS Schedule 8812 is the section on Form 1040 that needs to be filled out to claim the federal additional child tax credit. So, if you owe $0 in federal taxes but are eligible for the additional tax credit, you could earn up to $1,400 per qualifying dependent in 2019.

How do I fill out the additional child tax credit form?

How to file Form 8812. First, complete the Child Tax Credit and Credit for Other Dependents Worksheet that applies to you. You can find instructions on line 19 of your Form 1040. If you qualify for the Additional Child Tax Credit, you’ll then complete Schedule 8812 and attach it to your Form 1040.

What is the additional child tax credit form?

Use Schedule 8812 (Form 1040) to figure the additional child tax credit. The additional child tax credit may give you a refund even if you do not owe any tax.

What is PYEI IRS?

PRIOR-YEAR EARNED INCOME USED: The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, allows taxpayers to substitute their prior-year earned income (PYEI) for their current-year earned income (CYEI) when computing both the Earned Income Credit (EIC) and the Child Tax Credit (CTC) if the PYEI …

Who qualifies for the additional child tax credit?

To be eligible for the child tax credit, the child or dependent must: Be 16 years or younger by the end of the tax year. Be a U.S. citizen, national, or resident alien. Have lived with the taxpayer for more than half of the tax year.

Why am I not getting the additional child tax credit?

If you cannot take the full Child Tax Credit because you owe less income tax than the amount of the credit, you may be able to claim the Additional Child Tax Credit. If you do not qualify for the Child Tax Credit, you cannot take the Additional Child Tax Credit.

What is the income limit for additional child tax credit?

Credit for tax years prior to 2018 The Additional Child Tax Credit was an entirely separate tax credit, but it applied only to families with earned income above $3,000. Families received a refundable credit equal to 15% of their earned income over that threshold, up to $1,000 per child.

What is the child credit for 2020?

It has gone from $2,000 per child in 2020 to $3,600 for each child under age 6. For each child ages 6 to 16, it’s increased from $2,000 to $3,000. It also now makes 17-year-olds eligible for the $3,000 credit. Previously, low-income families did not get the same amount or any of the Child Tax Credit.

Why am I not getting the additional Child Tax Credit?