Additional Child Tax Credit


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Additional Child Tax Credit

A refundable credit available to taxpayers with three or more children qualifying for the child tax credit or whose earned income exceeds a specified amount and whose regular child tax credit exceeds tax liability minus other nonrefundable credits. The additional child tax credit is computed on Form 8812. For current figures, see our Child Tax Credit rate table. Also, see Child Tax Credit.
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5 billion, while the additional child tax credit (most of which was refundable) increased 0.
aired an investigative report on April 26,2012, explaining that hundreds of thousands of illegal immigrants fraudulently were obtaining the additional child tax credit, listing as relatives people who actually lived outside the U.
If you don't get the full credit amount, you may qualify for the Additional Child Tax Credit.
2 million illegal workers paid no income taxes but received an additional child tax credit refund averaging over $2,000.
In that case the amount of the additional child tax credit is the smaller of the remaining child tax credit and 15 percent of the taxpayer's taxable earned income.
Carlebach and Uriel Fried, who were living outside the United States, claimed dependency exemption deductions, the child care credit, child tax credit, and additional child tax credit.
This estimate aims to include the earned income tax credit (EITC) and the additional child tax credit, which are given as refunds and tend to be an important part of individuals' income tax liability, but the CE cannot explicitly verify these two credits are accurately reported.
This method would especially benefit lower income families, who might not pay as much in taxes, and receive a refund for the difference, much like the Earned Income Credit or the Additional Child Tax Credit currently provide.
There was also an additional child tax credit (using either Form 972 or 8812) available for certain people who had three or more qualifying children.
New IRS Form 8812 is used to calculate the additional child tax credit by determining if the employee's share of Social Security and medicare taxes withheld plus 1/2 of self employment tax is greater than amounts received under the earned income credit (EIC) program; plus any excess Social Security taxes paid.
2 billion dollars has been sent to families of illegal aliens in a single tax period through the Additional Child Tax Credit (ACTC), which offers up to $1,000 per child to all resident families, including illegal aliens.
The Treasury Inspector General for Tax Administration (TIGTA) semiannual report to Congress for the period October 2008-March 2009 includes a recommendation that legislation is needed to clarify whether refundable tax credits, such as the additional child tax credit, may be paid to filers without valid Social Security numbers.

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