Calculating Child Tax Credits Webinar

Summary

The child tax credit (CTC) offers families with qualifying children a tax break. On its own, the CTC is a nonrefundable credit. However, there are instances when a portion of the credit could become refundable as the additional child tax credit (ACTC). This webinar demonstrates the calculation and application of the CTC and identifies when taxpayers are eligible for the refundable ACTC. In addition, the webinar will discuss the other dependent credit (ODC), which is a tax benefit available to parents when their qualifying child or qualifying relative is not eligible for the CTC.

Objectives

Upon completion of this course, you will be able to:

• Identify who is eligible for the CTC, ACTC and ODC
• Calculate the CTC, ACTC and ODC
• Prepare Schedule 8812, Credits for Qualifying Children and Other Dependents

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.