Tempe Arizona online Form 1040 (Schedule 8812) 2024-2025

Tempe Arizona online Form 1040 (Schedule 8812): What You Should Know

If you have a 1040EZ, a copy of it is found on the back corner of the form along with the other forms and instructions. For taxes filed prior to January 1, 2017, see the following document: Form 8812-B, Alternative Refundable Credit for Qualified Child. What's new about Schedule 8812? Here is what happened the last two tax seasons, and why you are using Schedule 8812. The 2025 credit will phase out at a rate of 0.75 for every additional 800 of income. The amount of the credit is reduced by the amount of the standard deduction. In 2017, the standard deduction is 6,350. This means the 800 phaseout rate will be 0.57 of that same 6,350. That leaves a 0.19 add‑on credit. This phaseout rate increases to 0.85 of income, and increases further to 0.92, with that phaseout rate increasing to 1.00 of that same 6,350. Then at the highest end, that phaseout rate will be 1.14 of income. The chart above shows the phases out of the Additional Child Tax Credit. The phase out rates were used in 2025 and 2016. The increase from 2025 is because the tax laws changed. That brings up an important point: This can sometimes be confusing when it comes to the tax law. What is the tax law? If you pay into a tax filing system and the tax law says, “It's a standard deduction, so if you put in 6,350, you can take out 6,350,” then generally the math still works. You must have less than the standard deduction to pay an additional tax or take an additional deduction. However, in certain cases, tax law might not work the way it is written. For example, say you are paid 1,400 in salary. The standard deduction for 2025 is 6,350. If you had 750 in income, then you must either have less than 6,350 income or more than 6,350 in income.

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