Question

Child Tax Credit

Forum|Forum|4 years ago
September 28, 2021
2 replies
0 views

In 2020, my ex claimed both of our daughters age is four and three. In 2021 I will be claiming both of my daughters, but I don’t have any income because I was put off work in 2020 due to Covid. If I claim my children, will I receive the full amount of the new CTC or will I receive nothing? Is it better for her to claim them again?

Not A Product Question

T

TomD8

Employee

Even if you have $0 in income, you can receive advance Child Tax Credit payments if you are eligible.

For information regarding eligibility, see Topic B: Eligibility for Advance Child Tax Credit Payments and the 2021 Child Tax Credit.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

O

Opus 17

Employee

For 2021 only, the enhanced child tax credit will be paid in full even if the taxpayer doesn't have income earned from working.

In general, only the parent where the children lived more than half the nights of the year has the automatic right to claim them as dependents. The non-custodial parent can only claim a child as a dependent if the custodial parent gives them a signed for 8332 dependent release.

Unless Congress approves a new tax law, the child tax credit will go back to the old formula for 2022.

J

Jonlewis91Author

So when I file my taxes for 2021, since it’s 2022, I won’t get the advance payments like she has this year?

DoninGA

Employee

@Jonlewis91 wrote:

So when I file my taxes for 2021, since it’s 2022, I won’t get the advance payments like she has this year?

The Advance Child Tax Credits ends after December 15, 2021. Since you did not claim the dependents on your 2020 tax return you are not eligible for the 2021 advance payments. You will be eligible for the Child Tax Credit on the 2021 return you file in 2022 as has been previously stated.