Most parents want to make sure that they file their taxes correctly and that the child tax credit is not missed out on. For the 2023 tax season, parents are able to get up to $2000 per kid in tax credits, lowering their tax bill and making it more affordable to be a parent in this country. There are some rules and some guidelines that you need to follow for it and your income does need to be below a certain point, but it can provide many families with some of the relief they need during that time of year.

If you find that you and your child meet the qualifications to get this tax credit, then you may wonder what steps you need to take to claim the credit. You just need to enter your children, as well as any other dependents you are able to claim, on the Form 1040, then fill out and attach a Schedule 8812. This last form is going to be good because it helps you calculate your CTC amount.

If you are using a tax preparation software, they can help you get this done. You will just have to go through and click to let it know that you have kids and then enter their relevant information. The IRS will want their social security number because this helps ensure that no one else is trying to claim the same children during the tax season. It is as simple as that to get it all figured out.

For those who are worried about properly claiming the child tax credit, it may be a good idea to hire a professional to do some of your tax preparation for you. They will be able to answer your questions, look at your unique situation, and make sure that you get the assistance you need. Even better, they may know a lot of tax breaks and credits that you didn't have so they can save you more money than ever before.

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