- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
The new Child Tax Credit does not require any income.
.It is a refundable credit.
The only restriction is having too much income.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
How are you supporting yourself and your child if you have no reportable income? Are you and the child a dependent of someone else?
If you have no income to report on a 2021 tax return then you are not eligible to receive the child tax credit on a 2021 tax return.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
if you do not have qualifying income you will have to repay the advance credits come 4/15/2022. that's approx $1800.
you can unenroll from the advance payments
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
.
You cannot file a 2021 tax return until late January 2022 at the earliest.
You wrote: "without having any documented income"
Do you have income that's not documented? If so, you have to file a tax return and report the income. You have to report all your income, whether or not it's "documented."
You said you are receiving $300 a month for your daughter, but you also ask about "my daughter receiving her tax credit." Is the $300 that you are receiving the advance payments of the Child Tax Credit (the first payment was in July)? If so, your daughter would not receive a credit herself.
If you are asking about advance payments of the Child Tax Credit, see if your questions are answered at the following link.
2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions
Still have questions?
Make a post