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Deductions & credits
The child tax credit for 2022 is not the same as it was for 2021. If you do not have taxable income and money earned from working you will not be eligible for the refundable child tax credit. The child tax credit was a larger amount for 2021 and you did not even have to work to qualify to get it. That is not true for 2022. The maximum amount of the child tax credit for 2022 is $2000, and only $1500 is the refundable "additional child tax credit" amount that can be added to your refund. But that additional child tax credit amount is based on how much you earned by working. You have to earn at least $2500; and then you get 15% of the amount above $2500, up to the maximum of $1500.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎December 10, 2022
10:34 AM