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What is Schedule 8812 on Turbo tax?

Use Schedule 8812 (Form 1040) to figure your child tax credits, to report advance child tax credit payments you received in 2021, and to figure any additional tax owed if you received excess advance child tax credit payments during 2021.

Who should use Schedule 8812?

Use Schedule 8812 (Form 1040) to figure your child tax credits, to report advance child tax credit payments you received in 2021, and to figure any additional tax owed if you received excess advance child tax credit payments during 2021.

What is the difference between tax credit and child tax credit?

Working tax credit (or WTC) is paid to people who work and are on a low income \u2013 it does not matter whether you are an employee or self-employed. You do not need to have children to get WTC. Child tax credit (or CTC) is paid to people who have children.

How do I fill out Schedule 8812?

2:43 14:16 And in my example we have a five-year-old. So we put one here. And then for c you do a little littleMoreAnd in my example we have a five-year-old. So we put one here. And then for c you do a little little math here you subtract line four b from four a to get one since there is a child who is eight.

Is child tax credit the same as tax credit?

Working tax credit (or WTC) is paid to people who work and are on a low income \u2013 it does not matter whether you are an employee or self-employed. You do not need to have children to get WTC. Child tax credit (or CTC) is paid to people who have children.

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