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.