Читать книгу J.K. Lasser's 1001 Deductions and Tax Breaks 2022 - Barbara Weltman - Страница 21

You may claim a tax credit of up to $3,600 for a qualifying child from birth to under age 6 and $3,000 for age 6 but under 18. You may claim a $500 credit for a qualifying dependent (a person who is not a qualifying child). If the credit for a qualifying child that you are entitled to claim is more than your tax liability, you may be entitled to a refund under certain conditions.

The credit for a qualifying child is fully refundable if you (or your spouse if married filing jointly) meet certain conditions; the credit for a qualifying dependent is not refundable. From July 1, 2021, through December 31, 2021, the IRS paid one‐half of the credit on an advanced basis (ratably each month) to you if you were eligible for the credit, unless you opted to forego the advance payments. These payments are reported to you on IRS Letter 6419 (sent in January 2022). The balance of the credit is claimed on your 2021 income tax return.

The advance payments were based on information the IRS had about you for 2020 (your income, dependents, filing status, residency). If there have been changes, you may have to repay any excess credit amounts you received (see Pitfalls).