If the taxpayer obtained below the whole amount of the allowable child tax credit, Form 8812 must be used to avail of the additional child tax credit. This form enables the individual to claim as much as $1,000 tax credit for each child. In order for the taxpayer to claim additional child tax credit, the following requirements must be met: 1. Form 1040NR, Form 1040A or Form 1040 must be filed with the IRS 2. The child must meet the following criteria:
- Taxpayer’s daughter, son, foster child, step child, step brother, step sister, brother, sister, and descendant like nephew, niece or grandchild.
- Below 17 years old at the end of the taxable year.
- Did not support himself/herself partially within the taxable year d. Lives with the taxpayer for more than six months within the taxable year.
- Taxpayer must have claimed the child in the Tax return form filed with the IRS f. The child is a US citizen, US resident alien or a US national.
Category: Tax credit, Tax refund. Additional child tax credit may result to a zero tax liability. Consequently, the residual or excess child tax credits may be refunded to the taxpayer. This tax credit is reduced depending on the taxpayer’s income.
Link to IRS website: http://www.irs.gov/pub/irs-pdf/f8812.pdf