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To claim the Child Tax Credit (CTC), the child must be a "qualifying child" and claimed as dependent on the taxpayers' Form 1040.
In order to claim the CTC, your child must have a valid SSN in order to claim them as a dependent and ultimately a qualifying child for the CTC.
Child tax credit amounts for the 2022 tax year changed from 2021. Under the American Rescue Plan of 2021, the CTC was increased to $3,000 or $3,600 per child, depending upon the child's age.
The increased amounts expired, meaning the credit amounts reverted back to the 2020 year amounts. The child tax credit is now $2,000 per child under the age of 17, with income phaseouts starting at $200,000 for single filers and $400,000 for married filing joint taxpayers.
The CTC is claimed on IRS Form 8812 and attached to the taxpayer's Form 1040.
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