Child Tax Credit 2024 Updates - Wait to File Your Taxes!!

Join our FREE Discord Server:   / discord   Join our Patreon:   / jasondknott   The Child Tax Credit (CTC) has some changes from the prior tax year. There are also some pending legislative changes in House Bill 7024, which would be preferable to taxpayers if the bill is passed. The ACTC amount increased from $1,500 to $1,600. The overall credit amount for CTC remained at $2,000 per qualifying child. This video covers two examples of how to complete IRS Form 8812. Chapters and TImestamps 0:00 Changes from Last Year 1:56 Pending changes in House Bill 7024 4:12 Should you Wait to File Your Taxes? 5:38 What are the income phaseouts? 8:30 Example 1 Form 8812 with CTC & Full ACTC 15:54 Example 2 Form 8812 with partial CTC & ACTC Other Helpful Videos on the CTC Form 8812 tutorial with 2 children:    • Child Tax Credit 2024 - Step-by-Step Guide...   CTC Support Test:    • Child Tax Credit - What is the Support Test?   CTC IRS CP79A Notices:    • Child Tax Credit Denied - IRS CP79A Notice   Does my Child Need an SSN:    • Child Tax Credit 2023 - Does My Child Need...   Qualifying Child Standard:    • Child Tax Credit 2023 - What is a Qualifyi...   IRS Form 8862:    • IRS Form 8862 - Disallowed Child Tax Credits?   IRS Letter 6419 and the CTC:    • IRS Letter 6419 and the Child Tax Credit (...   Does the CTC change welfare benefits?:    • Child Tax Credit - Impact on Unemployment ...   For more videos on CTC and Form 1040 filings, see our playlist:    • Child Tax Credits (CTC)   Need some help? Schedule a Consultation: https://calendly.com/jasondknott Follow Jason Here: FREE Discord Server:   / discord   Patreon:   / jasondknott   Jason X Profile: https://x.com/JasonDKnott Website: https://jasondavidknott.com/ Knott LLP: https://knottllp.com/ Knott Learning Links: Website: https://knottlearning.com/ X.com: https://x.com/KnottLearning Facebook:   / knottlearning   Instagram:   / knottlearning   LinkedIn:   / knott-learning   AFFILIATE DISCLOSURE: Some of the links in this video description may be affiliate links, which means we may receive a commission, at no additional cost to you, if you decide to make a purchase through one of our partners. DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not cover every topic or issue related to these informational materials. #ChildTaxCredit #Form8812 #ChildTaxCredit2024