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Child Dependent Tax Credit (2021 vs 2020)
Hi ... for 2021 our Child Dependent Tax Credit shows $1,500, but for 2020 it shows $2,500. I am married filed jointly and our kids are 16 and 20 years old. Our box 1 wages are nearly identical for the 2 years, $203,738 (2020) and $203,477 (2021). Note we received a total of $1,000 in advance payments in 2021. Any thoughts or guidance is greatly appreciated!
‎January 25, 2022
6:10 PM