Deductions & credits

@patsybarr70 - unlike 2021, you must have a tax liability (line 18 of Form 1040) or earned income that exceeds $2500 to be eligible for  CTC. 

 

here are the rules: 

 

•Child Tax Credit -  $2,000 per child, limited by tax liability on line 18 of Form 1040

 

PLUS 

 

• Additional child tax credit” - lower of

a) $1,500 per child

b) 15% of earned income over $2,500

c) $2,000 per child less non-refundable credit

 

so your maximum tax credit is $6,000, but if you do not earn at least $2500, the tax credit is zero.... that is same way it worked prior to 2021.