- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Hi Esoteric6, Thank you for the question.
If you already filed your Tax Year 2020 tax returns, you can amend to add dependent children to claim child tax credit. If qualify, each child receives up to $2,000 tax credit. $1,400 out of the $2,000 could be refunded.
For details, please refer to IRS Pub 972.
https://www.irs.gov/pub/irs-pdf/p972.pdf
For tax year 2021, the Child Tax Credit is increased from $2,000 per qualifying child to:
- $3,600 for children ages 5 and under at the end of 2021; and
- $3,000 for children ages 6 through 17 at the end of 2021.
Hope this helps.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎December 8, 2021
3:02 PM