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Deductions & credits
@sailqa17 - the rules for CTC are not the same as 2021. In 2021 there was no minimum earned income required - that was a unique COVID rule for that one year only. For 2022, similar to 2020, there is an income requirment!
here are the rules
for CTC: it's $2,000 per child or the tax liability on Line 18 of Form 1040 - whichever is LESS
PLUS , the additional child tax credit: which is the LESSER of
1) $1500 per child
2) 15% of the earned income over $2500
3) $2000 minus the CTC calculated above.
the bolded item is the critical one if your income is low.
For EITC, the rules are basically the same as last year. HOWEVER, in 2021 only, individuals under the age of 25 with no children were eligible; that is not true in 2022. you must be at least 25 years old to be eligile. The amount of EITC is from the table on page 46 and that table is effectively unchanged (except for inflation) compoared to 2021.
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf