Child Tax Credit (CTC) & Additional Child Tax Credit (ACTC) 2018

Child Tax Credit (CTC) & Additional Child Tax Credit (ACTC) will go into some detail about both the child tax credit and the additional child tax credit.
There have beeen big changes to the Child Tax Credit in 2018
Topics will include
- What the child tax credit is for 2018
- The amount of the child tax credit in 2018
- Tax software example of the child tax credit showing how it would look in the tax forms
- Some consequences for improper claim of the child tax credit
- How to claim the child tax credit in 2018
- What the additional child tax credit is and how it differs and is related to the child tax credit
- Tax software example of the additional child tax credit showing how it would look in the tax forms.
- Worksheet to help calculate the child tax credit in 2018
- Help options for the child tax credit and tax preparation
- A questioner to help think about qualifications for the child tax credit.
- Rules related to an adopted child with regard to the child tax credit in 2018
- Rules related to divorced parents and the child tax credit in 2018
- Definition and rules related to a qualifying child in 2018
- Tax software examples of divorced and married taxpayers and how the child tax credit may affect them.
Here are some more resources to consider regarding the child tax credit from the IRS website.
Additional Child Tax Credit
https://www.irs.gov/pub/irs-pdf/f1040s8.pdf
Form 1040 Instruction
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
2018 Instructions for Schedule 8812
https://www.irs.gov/pub/irs-pdf/i1040s8.pdf
Publication 972
https://www.irs.gov/pub/irs-pdf/p972.pdf
2:24 What the child tax credit is
13:29The amount of the child tax credit
24:42 Tax software example of the child tax credit showing how it would look in the tax forms
34:52 Tax Software examples wage limits
47:26 Some consequences for improper claim of the child tax credit
52:37Qualified child
1:01:55Tax Software Example Qualified and Non-Qualified Child
1:08:17 How to claim child tax credit
1:16:24What the additional child tax credit is and how it differs and is related to the child tax credit
1:24:23Tax software example of the additional child tax credit showing how it would look in the tax forms.
1:49:48Help options for the child tax credit and tax preparation
1:56:45 Rules related to an adopted child with regard to the child tax credit
2:03:26 Rules related to divorced parents and the child tax credit
2:16:51 Definition and rules related to a qualifying child
2:33:31Tax software examples of divorced and married taxpayers and how the child tax credit may affect them. Even income examples between spouses.
2:52:42Tax software examples of divorced and married taxpayers and how the child tax credit may affect them. Uneven income examples between spouses.

The child tax credit is a huge credit for many taxpayers. One reason is because of the dollar amount, up to 2,000 per qualifying child.
Another reason is that the child tax credit is a credit instead of a deduction and therefore is worth much for then a deduction.
The child tax credit and related additional child tax credit can also result in money back even though there is no tax liability. In other words, it is possible to pay no taxes for the year and still get money as we file the tax return.
The Characteristics of the child tax credit can also make it difficult to estimate when thinking about getting marreid, combining two tax returns to one, or getting divorced, breaking out two tax returns to one.
Qualifying Child for the CTC
A child qualifies you for the CTC if the child meets all of
the following conditions.
1. The child is your son, daughter, stepchild, eligible foster
child, brother, sister, stepbrother, stepsister, half
brother, half sister, or a descendant of any of them
(for example, you grandchild, niece, or nephew).
2. The child was under age 17 at the end of 2018.
3. The child did not provide over half of his or her own
support for 2018.
4. The child lived with you for more than half of 2018
(see Exceptions to time lived with you, later).
5. The child is claimed as a dependent on your return.
See Pub. 501 for more information about claiming
someone as a dependent.
6. The child does not file a joint return for the year (or
files it only to claim a refund of withheld income tax or
estimated tax paid).
7. The child was a U.S. citizen, U.S. national, or U.S.
resident alien. For more information, see Pub. 519,
U.S. Tax Guide for Aliens. If the child was adopted,
see Adopted child, later.
Adopted child. An adopted child is always treated as
your own child. An adopted child includes a child lawfully
placed with you for legal adoption.
If you are a U.S. citizen or U.S. national and your adopted
child lived with you all year as a member of your
household in 2018, that child meets condition (7), earlier,
to be a

Disclaimer
The information in this video is for education only and is not individualized tax advice. For individual tax advice contact a tax professional.

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