Do Not Miss Your Child Tax Credit
Oct 17, 2022, the IRS reminded every US taxpayer who has a child in their family as their dependent on the tax return can check whether they are eligible to benefit from the Child Tax Credit (CTC). For a child who is under the age of 6, the credit is up to $3,600. For a child who is at the age of 6-17, the credit is up to $3000.
To claim the credit, taxpayers and children should meet the following conditions:
- Children are under the age of 18 at the end of the year.
- Children have a Social Security Number (SSN).
- Children have lived with the taxpayers for more than half a year.
- Children have been a U.S. citizens or U.S. resident aliens.
- Taxpayers are filing a joint return, and annual income is less than $150,000.
- Taxpayers are filing as a head of household, and annual income is less than $112,500.
- Taxpayers are single filers or filing a separate return, and annual income is less than $75,000.
USCPA Sophie Luo (羅霞) reminds you that parents, grandparents, foster parents or other relatives who want to apply for the credit, please be sure to file a 2021 federal tax return to claim it. If you don’t have to pay your tax in the tax year, you still can apply for the Child Tax Credit. Once the IRS approve the application, the credit will directly transfer to your US bank account or send you a check.
If you have any questions or need other help, please contact us at the
USCPA Sophie Luo (羅霞) +886 980919600
or Email: ustaxproservice@gmail.com
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