Child Tax Credit FAQs for Your 2021 Tax Return
Child Tax Credit FAQs for Your 2021 Tax Return Parents have lots of questions about how to report the child tax credit and last year’s monthly payments on their tax return and we have answers. The IRS’s 2022 tax filing season has begun. The tax agency started accepting individual tax returns for the 2021 tax year on January 24. And the filing deadline for most individual returns is April 18. When you prepare your return, or alternatively, gather your records to take to your accountant or other paid return preparer, you’ll want to keep in mind the tax changes that applied for 2021…and how they should be reported on your return. One of the most significant changes for 2021 was to the child tax credit, which is claimed by tens of millions of parents every year. …