8812 Instructions Form 2023-2024

8812 Instructions 2024 Form: What You Should Know

E, line 8, depending on your filing status. 2 The worksheet also can be used to report any other tax benefits or items. What do I need to do with my completed Schedule 8812? To calculate the amount of Additional Child Tax Credit, you should · Complete Worksheet A, line 6.  This worksheet is located on Form 8606, and you must use the 2024 form if you filed your return for the 2024 tax year. · Use both 1. The amount from Worksheet A and 2. Enter the amount of the child tax credit. · Report your 2024 tax return or fill IRS Form 2555. 3 This form is used to determine whether you qualify for an increased child tax credit or any refundable credits. Your credit will be limited under the following rules. · If you were eligible to claim a credit in 2024 for 2018, you will be eligible to claim a credit for the 2024 tax year. · If you qualify to claim a credit for 2018, but were not eligible to do so in 2017, you will not be eligible to claim a credit for 2018. You should complete this form by the first filing deadline to avoid late fees. If you were eligible for child tax credits for 2017, you don't have to use your tax return for 2018. You can claim an overpayment of your 2024 child tax credits against your 2024 tax return. If you did not file a tax return for the 2024 tax year, you can complete the form and then e-file it. How and when should I use the Schedule 8812? For the 2024 and subsequent years, if you claimed a tax credit for 2017, and you meet the eligibility requirements for child tax credits for 2024 (see FAQs 1 through 13) you can use the Schedule 8812 to compute your child tax credit for the 2024 tax year. You will be treated as claiming the 2024 child tax credit if: you file for 2024 as a taxpayer for the first time and (1) you are eligible to claim a child tax credit and (2) you filed for the first time as one of the following: a student, a graduate student (if you obtained a graduate degree in 2017), a participant in educational assistance programs, or a nonresident alien. You must file your return of tax under the regular filing rules (Form 1040A or Form 1040NR), but you can use Table 1.

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