NewsWorldHow to receive 50% of the child tax credit...

How to receive 50% of the child tax credit on the 2022 tax return?

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8 errors that can lead to an IRS audit 7:57 (CNN Spanish) — The deadline to file your 2022 tax return in the United States is approaching and an important point for this tax season is the child tax credit. The 2021 American Rescue Plan, which helped ease economic pressure on the US amid the pandemic, provided advance payments of up to 50% of the child tax credit to eligible taxpayers, according to the Internal Revenue Service (IRS). “If you received advance payments, you can claim the rest of the child tax credit, if eligible, when you file your taxes” this year, adds the IRS. To know the requirements needed to be eligible, click here. So, if you’re eligible and received child tax credit advance payments in 2021, you can receive the rest of the credit you missed last year for pandemic relief. It can be the remaining 50% or even more, depending on how much you have received. To get the remaining credit, the IRS says you “must reconcile (compare) the total you received (in 2021) to the amount you can claim” on your 2022 tax return. And to reconcile advance payments on your 2022 return year, two steps are necessary, according to the IRS: If you have more questions regarding the return of the child tax credit, you can resolve them on the IRS page in Spanish by clicking here.

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