Child Tax Credit changes implemented as part of the American Rescue Plan Act, were NOT extended to 2022 tax year. Those enhancements allowed more money for qualifying children depending on the age of the child. The credit amount for each qualifying dependent is again maxed at $2,000.
Childcare Expenses changes implemented as part of the American Rescue Plan Act, were NOT extended to 2022 tax year. For 2022, this credit is non-refundable. This means the credit can only reduce the tax calculated on your tax return to zero and you will no longer be paid the extra amount pass zero. The dollar amount on qualifying expenses is $3,000 for one child and $6,000 for two or more.
Charitable Contributions can no longer be claimed by individuals who do not itemize their deductions. The $300 ($600 for joint filers) charitable contribution deduction for those who did not itemize is gone. You must itemized to take these deductions.
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