IRS Form 1040-X | How to File Amended Form 1040 - Child Tax Credit (CTC) on Form 8812

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  • Опубліковано 2 жов 2024
  • For additional Form 1040-X Tutorials:
    Form 1040-X for IRA Contributions: • IRS Form 1040-X | Ho...
    Form 1040-X for Capital Gains: • IRS Form 1040-X | Ho...
    Form 1040-X for Foreign Tax Credits: • IRS Form 1040-X | Ho...
    Form 1040-X for Passive Activity Loss: • IRS Form 1040-X | Ho...
    Form 1040-X for Change of Filing Status: • IRS Form 1040-X | Ho...
    Form 1040 income tax returns can be amended by filing IRS Form 1040-X. Amended tax returns are filed to correct mistakes made on an original return, and they can be filed for certain carryback claims.
    In this example, we look at a married filing joint (MFJ) tax return where the taxpayers forgot to include one of their 3 children as qualifying children for the child tax credit on IRS Form 8812. The taxpayers filed an amended return to update Form 8812 and claim $6,000 of CTC rather than the original $4,000 of credits.
    For more tutorials on the Form 8812 child tax credit:
    Form 8812 with Two Kids: • Child Tax Credit 2024 ...
    CTC with Zero Income?: • Child Tax Credit 2024 ...
    CTC with Phaseouts: • Child Tax Credit 2024 ...
    CTC for Grandparents: • Child Tax Credit 2024 ...
    Form 8812 with ODC: • Child Tax Credit 2024 ...
    CTC with Other Credits: • Child Tax Credit 2024 ...
    Form 8812 with Form 8332: • Child Tax Credit 2024 ...
    For a larger database of tutorials, please visit our website and search for your question:
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    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 include information about every topic or issue related to these informational materials.
    #Form1040 #TaxReturn #ChildTaxCredit

КОМЕНТАРІ • 8

  • @Mastercrazyhorse
    @Mastercrazyhorse 3 місяці тому +1

    Thank you very I have useful information but I need to know is the form 8812 revised and added to the 1040 X when sent to the IRS.

    • @JasonDKnott
      @JasonDKnott  3 місяці тому

      Yes! You should attach any schedules or forms that were added or revised as part of the amended return.

  • @heavenknows13
    @heavenknows13 5 місяців тому

    Great video and info. I understand that you need to sign and date the IRS 1040X Amendment Tax form , but for the "As Amended" tax return , does that need to be signed and dated also? If so, do you put the current date or the date that you "Originally" filed it? Thanks much.

  • @alexcolombu1025
    @alexcolombu1025 6 місяців тому +2

    Hope your channel takes off my guy. Great videos.

    • @JasonDKnott
      @JasonDKnott  6 місяців тому +1

      Thanks for the support!

    • @alexcolombu1025
      @alexcolombu1025 6 місяців тому

      @@JasonDKnott One thing I noticed is that some people who do similar videos but not as knowledgeable as you get more views because they show their face. I don't why people like that, but it works as far as views and subs are concerned.

  • @haguiar6047
    @haguiar6047 5 місяців тому

    Thank you. This is very helpful. I'm assuming that the updated schedule 8812 submitted with form 1040X, but can you clarify that this is the case?

  • @mysterybuyer3738
    @mysterybuyer3738 6 місяців тому

    Thanks for the info. It helps a lot.