The Internal Revenue Service revised its answers to frequently asked questions on the Child Tax Credit, adding a new set of six commonly asked filing season questions. In a new fact sheet posted ...

In other words, if you have a child who turned 17 in 2020, you cannot take the child tax credit for them on your 2020 tax return when you file it. (However, there's another credit that applies ...

The maximum credit is calculated as 35% of allowable expenses, up to $3,000 for a single child and $6,000 for two or more ...

In Rev. Proc. 2021-24, the IRS clarified how individuals who are not otherwise required to file 2020 federal income tax returns can claim advance child tax credit (CTC) payments as well as stimulus ...

To guarantee you receive your child tax credit payments, you need to file your 2020 tax return by May 17. Doing so will make sure the IRS knows who qualifies for the child tax credit in your ...

Don't check the box on Line 35a (Form 8888 attached) because the monthly child tax credit payments can't be divided among multiple accounts. Lines 35b through 35d.

Families that haven't yet submitted a 2020 tax return have less than two weeks to register for the benefit. We'll show you how. Katie covered all things how-to at CNET, with a focus on Social ...

Child tax credit payments go out Nov. 15. That's also the deadline to register for the federal payments if you haven't already and are eligible.

If you are claiming the additional child tax credit, the IRS is required by law to not release the money for your tax refund until the middle of February, as a check on fraud.