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Level 1
February 5, 2022
Question

Form 8812

  • February 5, 2022
  • 2 replies
  • 13 views

I have a client who files his return with a 4029 Exemption, usually they only receive the child tax care credit up to how much they owe. They don't usually get the additional child tax credit. I am having trouble getting that to show on form 8812. Anyone have this problem and figured out a solution?

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2 replies

dkh
Level 15
February 5, 2022

I too have some 4029exempt.  I don't have any to prepare yet but I think they will get a refund of any excess not used against tax liability.  New rules for 2021 return...100% refundable.

Just-Lisa-Now-
Intuit Community Champion
February 5, 2022
what if you increase the amount they got as an advance would that knock down any refundable amount on the return?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪