Get Irs 1040 - Schedule 8812 2020

Filling out the IRS 1040 - Schedule 8812 is essential for calculating your additional child tax credit. This guide will walk you through each step in a clear and user-friendly manner, ensuring you understand how to complete the form online.

Follow the steps to efficiently complete the IRS 1040 - Schedule 8812 online.

1. Click ‘Get Form’ button to access the 1040 - Schedule 8812 form and open it in the editor.
2. Enter your social security number and the names shown on your tax return at the top of the form.
3. In Part I, follow the instructions to determine the amount from the Child Tax Credit and Credit for Other Dependents Worksheet, and enter it in line 1.
4. On line 2, you will enter the total amount from line 19 of your Form 1040, 1040-SR, or 1040-NR.
5. Subtract the amount in line 2 from line 1. If the result is zero, you cannot claim this credit.
6. On line 4, enter the number of qualifying children under 17 you have, and multiply that number by $1,400, then enter the result.
7. On line 5, enter the smaller of line 3 or line 4 to determine your potential child tax credit.
8. For line 6, report your earned income as instructed, and if applicable, your nontaxable combat pay on lines 6a and 6b.
9. Complete line 7 by subtracting $2,500 from the amount on line 6a, and calculate 15% of this amount for line 8.
10. Assess if the amount on line 4 is $4,200 or more to determine whether to skip to line 15 directly or continue to Part II.
11. Follow the instructions in Part II if applicable, and complete lines based on your total withholdings and adjustments.
12. In Part III, your additional child tax credit will be finalized; enter this amount on the indicated line for Form 1040.
13. Once all fields are filled, you can save your changes, download, print, or share the form as needed.

Start filling out your IRS 1040 - Schedule 8812 online today to ensure you receive your additional child tax credit.