I have read part A in Schedule 8812 and am still a bit confused. Does this mean that any client who has lived in the US for all 2021 qualifies? Or is this only for clients who travel to different countries and earn foreign income? So confused. 😭
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Read the instructions for the top part, for Simplified refundable child tax credit.
https://www.irs.gov/instructions/i1040s8
And read the part for "abode:"
This means your main home was in the 50 states or the District of Columbia for more than one-half of 2021. Your main home can be any location where you regularly live. Your main home may be your house, apartment, mobile home, shelter, temporary lodging, or other location and doesn’t need to be the same physical location throughout the tax year.
Try this Turbo Tax article:
https://turbotax.intuit.com/tax-tips/family/what-is-the-irs-form-8812/L1HbgYQqE
Try this article:
https://www.communitytax.com/tax-form/schedule-8812/
There are a lot of resources on the web, and those meant for the tax payer are often written differently than the IRS info.
Anybody not living on the street.
Really?? Ok this question on Proseries ties it back to the actual 3000, 3600 for a full refund. If I donr check yes for the abode question it leaves the ctc as 1400 only. Just want to make sure I'm not adding a credit they might be in trouble for later. So confusing when you read the actual meaning for abode. Thank you!!!
*Sorry I meant If I click no for abode it leaves the credit for 1400 per child. If I click yes it leave the 3000 per child refundable.
Are you sure you are not confusing the Recovery Rebate and the Child Tax Credit? There are multiple types of credits, refundable and not, and these two depend on qualification. For instance, you have nonqualifying parents with 2 qualifying children for the EIP/RRC stimulus payment they did not get in advance?
https://www.irs.gov/coronavirus/economic-impact-payment-information-center
https://www.taxpayeradvocate.irs.gov/covid-19-home/3rd-eip-and-2021-rrc/
More details regarding this taxpayer might be helpful.
I have a client who has 2 dependents, 36k income and 2k withheld head of household. One dependent is under 6 yrs old the other is under 17 yrs old. When I enter the information it calculates 7k in return but I notice on the 1040 its only generating the 1400 for each. If I enter that the abode was in us for all 2021 it gives them the full 3k and 3600. I just want to make sure they qualify for this option. Which I would think yes.
Also my client did not receive any in advance. For the advance child tax credits.
Read the instructions for the top part, for Simplified refundable child tax credit.
https://www.irs.gov/instructions/i1040s8
And read the part for "abode:"
This means your main home was in the 50 states or the District of Columbia for more than one-half of 2021. Your main home can be any location where you regularly live. Your main home may be your house, apartment, mobile home, shelter, temporary lodging, or other location and doesn’t need to be the same physical location throughout the tax year.
Try this Turbo Tax article:
https://turbotax.intuit.com/tax-tips/family/what-is-the-irs-form-8812/L1HbgYQqE
Try this article:
https://www.communitytax.com/tax-form/schedule-8812/
There are a lot of resources on the web, and those meant for the tax payer are often written differently than the IRS info.
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