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- Re: Can a person get the Child Tax Credit for the year he can't claim the dependent?
Can a person get the Child Tax Credit for the year he can't claim the dependent?
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Hal
Level 1
03-30-2022
12:31 PM
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Father claims child in even years. He got 750 advance credit in 2021 and the IRS letter 6419. On form 8812 it shows he owes 500 back. Is this right?
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3 Comments 3
sjrcpa
Level 15
03-30-2022
12:46 PM
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Could be. You have to pay some or all of it back if you're not eligible for the credit in 2021 (unless you're at the low income point)
The more I know, the more I don't know.
The-Tax-Lady
Level 9
03-30-2022
12:57 PM
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If the father is filing as single and has an AGI of $40,000 or less there is no repayment. $40,000-$79,999 AGI is a partial repayment. AGI $80,000 or over, requires full repayment of the ACTC, if the dependent cannot be claimed on the 2021 return.
qbteachmt
Level 15
03-30-2022
01:58 PM
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He got some money because no one updated the CTC portal to show it wasn't qualified for this year. The taxpayer has some responsibility for their own life.
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