These are the key messages for the filing season. The messages center on reaching those who are eligible for the Child Tax Credit and the Additional Child Tax Credit.
Child Tax Credit and Additional Child Tax Credit
- You may be able to claim the child tax credit if you have a qualifying child under the age of 18 and meet other qualifications.
- Dependents who can’t be claimed for the child tax credit may still qualify you for the credit for other dependents (ODC). The ODC is worth up to $500 per qualifying person.
- Use the Interactive Tax Assistant on IRS.gov to see if you’re eligible to claim the child tax credit or credit for other dependents.
- The child tax credit is worth up to $3,000 per qualifying child age 6-17 and up to $3,600 per qualifying child under age 6. The child tax credit is fully refundable for taxpayers whose main home is in the United States for more than half of the year.
- If you fail the child tax credit residency test, you can still claim the full Child Tax Credit of $3,000 for children age 6-17 and $3,600 for children under age 6 but, if your total credit amount exceeds your tax liability, you would still be subject to the old Additional Child Tax Credit rules including the refund limit and the earned income requirement. Only the additional child tax credit amount, up to $1,400 per child, will be refundable.
- Your qualifying child for the child tax credit must have a Social Security number that is valid for employment and issued before the due date of the tax return (including extensions).
- If your child doesn’t have a valid Social Security number for the child tax credit, your child may still qualify you for the credit for other dependents. This credit is up to $500 per qualifying person.