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You must have a minimum of $2,500 in earned income to be eligible for the 2022 child tax credit.
The child tax credit for 2022 is not the same as it was for 2021. If you do not have taxable income and money earned from working you will not be eligible for the refundable child tax credit. The child tax credit was a larger amount for 2021 and you did not even have to work to qualify to get it. That is not true for 2022. The maximum amount of the child tax credit for 2022 is $2000, and only $1500 is the refundable "additional child tax credit" amount that can be added to your refund. But that additional child tax credit amount is based on how much you earned by working. You have to earn at least $2500; and then you get 15% of the amount above $2500, up to the maximum of $1500.
@tiffanycarlisle - you have to have earned income exceeding $2500 to get the 1st dollar - that doesn't mean you automatiucally get $2000 because you have $2601 of earned income
Here is how it works:
•Child Tax Credit: $2,000 per child, limited by tax liability on line 16 for Form 1040.
PLUS
•Aadditional child tax credit”) - lesser of
it's complicated!
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