there is no "advance" as there was in 2021 - Congress did not pass the law to have that feature extended.
Your child tax credit will be up to $2000 in 2022
It is made up of potentially two parts:
•Non-refundable credit (A.K.A."child tax credit") – lessor of $2,000 per child or whatever is on Line 16 of Form 1040.
•Refundable credit (A.K.A. “additional child tax credit”) - lower of
- $1,500 per child
- 15% of earned income over $2,500
- $2,000 per child less non-refundable credit
@xmasbaby0's point is that unlike 2021, if you did not work, you are not eligible for the non-refundable credit, because your tax would be zero and you are not eligible for the refundable credit, because the 2nd bullet (15% of earned income) is going to be zero and since it's the lower of the 3 bullets, this credit will be zero as well.
