Coral Springs Florida Form 1040 (Schedule 8812) 2024-2025

Coral Springs Florida Form 1040 (Schedule 8812): What You Should Know

The form includes the following additional children: (i) someone who is not the child of your spouse; or (ii) a person who is not your dependent. This is important because if you give money to someone else (or use it to build your own home), you may not qualify for the additional child tax credit. This means a very generous bonus of 6,000 could be canceled out if the child is your dependent. If you don't qualify on your tax return, the IRS will determine your credit based on how much you paid in tax to take the additional credit. Here is a breakdown of the amount you can claim for yourself and your dependent, based on your filing status and adjusted gross income and family size. Married Filing Joint Tax Return Filing status Single Married filing separate Head of Household 6,000 5,500 4,300 950 Additional Child (0-17) 1,450 650 500 2,200 Additional Child (18-23) 1,450 650 500 2,200 Additional Child (24-35) 1,450 650 500 2,200 Additional Child (36-44) 1,450 650 500 2,200 Additional Child (45-59) 1,450 650 500 2,200 Additional Child (60+) 1,450 650 500 2,200 Additional Child Credit 4,300 2,800 1,000 3,300 4,000 Additional Child Tax Credit 2,200 1,800 1,000 2,400 2,700 2,900 Single Head of Household filing joint return To figure your tax credit, you need the following: Family size Married filing separately Head of Household 6,000 5,500 4,300 950 Tax credit for additional 1,450 650 500 2,200 Tax credit for dependent 1,350 650 600 1,450 Tax credit for unrelated 650 300 150 1,300 In case you were the child of other people, you must figure your credit for the dependent amount based on how much you paid in tax to take the additional child tax credit — even if you paid the tax on separate tax returns.

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