Child and other Dependent Tax Credits (2025 update!)

When you claim dependents on a tax return, you are usually allowed a tax credit for claiming them. The One Big Beautiful Bill Act, or OBBBA, made changes to these credits, which, for the most part, benefit ordinary taxpayers with dependents. This video describes the credits, who qualifies for them, and how they are reported on a tax return. It also provides updated and additional information not provided in the original video on this subject published in 2020. 0:00 Introduction 0:42 Child Tax Credit 2:29 Additional Child Tax Credit 3:58 Credit for Other Dependents 5:55 Reporting the Credits on your tax return 8:03 Conclusion Additional Resources and Information: IRS Publication 17: "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf IRS Schedule 8812: "Child and Other Dependent Credits": https://www.irs.gov/pub/irs-pdf/f1040... Tax Policy Center: "What is the Child Tax Credit?" https://taxpolicycenter.org/briefing-... Image and video sources: Storyblocks.com The images of "Ida," "Jerry," "Alice," and their children were generated by thispersondoesnotexist.com (stability.ai) and any resemblance between these images and any person, living or dead, is coincidental and not intentional. No other artificial intelligence was used to research, write, animate, voice, or edit this video Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Creator Music Outro Music: "Modern Attempt" - Track Tribe under license from YouTube Creator Music DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional. The information in this video is accurate as of the date of publication, and is subject to change.