In this video, I'll share the latest information about the Child Tax Credit, including the major change from tax year 2021 to 2022.
The Child Tax Credit is an important tax-credit program that allows parents to take a credit worth $2,000 per qualifying child (or $500 for other dependents). If you have children and are planning to file your taxes this year, be sure to watch this video to learn everything you need to know about the child tax credit.
0:00 The Child Tax Credit
0:20 Child Tax Credit Explained
1:05 Income Requirements
1:40 Major Change
2:15 Dependent Tax Credit
3:10 Example
4:25 Additional Resources
#childtaxcredit #taxes #taxseason2023
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DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.
Child Tax Credit Update | IRS Form 8812
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