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Deductions & credits
Is the 8K of income reported as earned income? And what are the ages of the children? Here are the requirements to claim the credit - Make sure you have all the children's information entered into TurboTax (birthdates, SSN, how long they lived with you during the year, etc.) Remember, a child born during the year is considered to have lived with you all year, 12 months.
The Additional Child Tax Credit can be worth up to $1,600, depending on your income. You must have at least $2,500 in earned income to claim the credit. The Additional Child Tax Credit can be claimed when the full Child Tax Credit can’t be used.
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February 22, 2024
11:48 AM