Child Tax Credit 2023 - Does My Child Need an SSN?

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Jason D. Knott

Jason D. Knott

Жыл бұрын

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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Пікірлер: 3
@ritag1924
@ritag1924 4 ай бұрын
So I didn't have a social security card for my son born Sept of 2021 when I was advised by my tax guy to still file my 2021 taxes in October 2022 and amend it when we got the social. Recently got my son's social (it was a ridiculous 2 year battle of misdirection from many bc they misspelled his name). Amended the taxes Nov 2023 when I finally got the social and it was denied. So it's probably not possible to win the case now huh? If I would have waited to file my 2021 taxes until November 2023 would I have got the child tax credit?
@bokmanhan9191
@bokmanhan9191 Жыл бұрын
Thanks for your video! How can I remove the words, "Not Valid for Employment"?
@ukrainianchristiansongs
@ukrainianchristiansongs Жыл бұрын
I arrived to US last year and my children don’t have SSN yet. Can I apply for ITIN number while filing tax return to include them as dependents or is it better to file an extension?
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