You'll need to sign in or create an account to connect with an expert.
For tax year 2022 you must have earned income of at least $2,500 to be eligible for the Child Tax Credit. Social Security benefits and retirement/pension income is not earned income.
Yes that is the reason.
The short answer is that if you did not work in 2022, you will not receive an income tax refund based on having dependent children.
The rules for getting the child tax credit on a 2021 tax return and now on a 2022 return are very different. For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work. That is NOT the way it will work for your 2022 tax return. The “old” rules are back. The maximum amount of the child tax credit is now $2000; the refundable “additional child tax credit” amount is $1500. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500. If your child is older than 16 at the end of 2022, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.
https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tafualeo
New Member
sjlong53
New Member
liyah-williams12356
New Member
williamspires28
New Member
RachelM728
New Member