IRS 2022 Tax Refunds: Who Will Receive the Biggest Refund in 2022?

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Updated

08/01/2022 –
18:20

Tthree in four taxpayers receive a check from the IRS after depositing their tax returns.

In 2022, tax experts warn that some people will receive a small check than usual.

the American rescue plan increased the child tax credit from $ 2,000 per child to $ 3,600 under age 6.

For ages 6 to 17, there was a total of $ 3,000 per child.

However, the Child tax credit may receive tax refunds from some parents after filing their income tax return.

According to the money with a reporter Aimee Picchi, “the CTC was prepaid by monthly checks from July 2021 to December 2021 – and parents will claim the other half of the tax credit on their income tax returns by the April 18, 2022 filing deadline. (IRS offices will be closed this year on the traditional April 15 tax deadline for Emancipation Day, extending the filing deadline to this 18 this year. year).”

Picchi says that instead of getting the usual $ 2,000 tax credit, parents will claim $ 1,500 to $ 1,800 depending on the age of their children.

Who will receive the biggest reimbursement in 2022?

-Parents with a child born in 2021: Tax practitioners estimate that families who fostered (born, adopted, or placed) a child in 2021 will receive a larger refund, as their parents will be able to claim the full enhanced CTC credit on their 2021 tax returns.

Parents who work with children in daycare:

There is a reminder for parents who paid someone to look after their child while they were working or looking for work.

Previously, these parents claimed up to $ 3,000 per dependent. Now this credit can go up to $ 8,000 per child with a maximum of $ 16,000 for two dependents.

The limits are clear, the child must be under 13 or someone who is not mentally or physically able to take care of themselves, lives with the taxpayer more than half of the year and is a dependent.

In addition, one parent or both parents must have earned income in 2021 to claim the tax credit.


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