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Deductions & credits
For tax year 2022 you must have at least $2,500 of earned income be be eligible for the child tax credit.
The CTC for 2022 has returned to the original amounts of $2,000 for each child under the age of 17 where the taxpayer must have earned income.
Whereas in tax year 2021 the CTC was $3,600 for each child under the age of 6 and $3,000 for each child age 6 thru 17 with no income.
‎January 9, 2023
3:51 PM