Child Tax Credit 2024 - Can You File with Zero Income?

A common question regarding the Child Tax Credit (CTC) is whether you can claim the CTC if you have zero income during the tax year.
In this video, we cover the rules and three examples that illustrate how much income, if any, you will need to claim the Child Tax Credit (CTC) or the Additional Child Tax Credit (ACTC).
Chapters and TImestamps
0:00 Intro and Basics on CTC
1:25 Example 1 - No earned income or investment income
8:36 Example 2 - No earned income with large investment income
13:30 Example 3 - Low earned income & low investment income
The Child Tax Credit (CTC) has some changes from the prior tax year. The credit itself is still $2,000 per child, but the ACTC amount increased from $1,500 to $1,600. There are also some pending legislative changes in House Bill 7024, which would be preferable to taxpayers if the bill is passed.
Other Helpful Videos on the CTC
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Does my Child Need an SSN: • Child Tax Credit 2023 ...
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For more videos on CTC and Form 1040 filings, see our playlist:
• Child Tax Credits (CTC)
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#ChildTaxCredit #Form8812 #ChildTaxCredit2024

[@daniellealarid8984]

I don’t think it’s fair that parents on social security can’t get this. Question : I’m on ssdi, and have 1 child and 1 dependent. My dependent is in full time college and she worked all last year. Do I need to file using her income ? (Dshs counts her income as mine- 🙄 ) I also sold goods online ( Mercari, fb, etc) I made over $3000, but per the new requirement they won’t send me a 1099-k. What do I do? File for my daughter as mine, she file on her own, or what should I do? Thank you. Your videos are very very helpful and informative.

[@DIEGOHOMEGIRL]

And thry said u dont need income

[@Niseyboo]

That’s what I’m wondering because I didn’t work last year because I was pregnant

[@Niseyboo]

I didn’t work in 2023 because I was pregnant, and I am high risk and I get really really sick so I can’t work. Would I be approved to still get the child tax credit

[@emperor1861]

Great information.

[@JasonDKnott]

Glad it was helpful!

[@deliatheholmes7359]

what website do I go on to claim my child tax credit at please

[@scottplummer5938]

If we have earned income, but we deferred some or all of it due to a 401k contribution, can we take the ACTC?

[@MaggieValdez5998]

I friends that have earned income sch c cash income. But since they have an itin number they don't get refund even though their dependent has a ssn# . Is this true??

[@lindapalmer2786]

Can i file my non taxed social security and pension for child tax credit,i have two kids and head of household.

[@brooklyn_beLAA]

From what I was told no if you hear anything else, please let me know

[@briannaellington3591]

I’m still confused on how to calculate the new credit if it passes. If I already filed my taxes, what do I look at to see the difference?

[@damarismartinez4697]

If it passes and that is if it passes the IRS will send you either by direct deposit or by check by mail, difference of the Child credit and/or EIC.

[@laurimacrone6503]

What about people on ssi for income with w children

[@marymartin8364]

What about unemployment? I received a back pay of $11,000 in 2023 with 10% held. I am raising 3 grandchildren. Can I get CTC or just the 10% back?

[@DIEGOHOMEGIRL]

So ur info is incorrect

[@Stanley166]

My girlfriend file her daughter on her 2023 taxes and she's 18 will she gets it

[@julie7005]

Why is this so complicated

[@DIEGOHOMEGIRL]

Well first off inget ssa cus i got csncer so that aint fair

[@AH-wx1rt]

❤GO CHIEFS!❤ Ty, B.

[@SantanaSam12]

There are so many reasons parents should get this money regardless of income .. they get sick … seriously sick … are on ss or ssdi.. or other reasons . It’s just like f them . Don’t work . Don’t get help with your kids . Yeah okay … but you still want us to send our kids to school.. you still want us to teach our kids how to be tax paying citizen.. Wow, we also still pay taxes ourselves… bs!