Page 13 - Individual Forms & Instructions Guide

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What's New For information about any additional changes to the 2022 tax law or any other devel-

opments affecting Form 1040 or 1040-SR or the instructions, go to IRS.gov/
Form1040.

Due date of return. File Form 1040 or were excluded from income on Schedule more qualifying children to be eligible
1040-SR by April 18, 2023. The due 1, line 8z. For 2022, nontaxable amounts to claim the ACTC. Bona fide residents
date is April 18, instead of April 15, be- will be excluded on Schedule 1, line 8s. of Puerto Rico may be eligible to claim
cause of the Emancipation Day holiday Nontaxable combat pay election. For the ACTC if they have one or more
in the District of Columbia – even if you 2021, individuals elected to include their qualifying children.
don’t live in the District of Columbia. nontaxable combat pay in their earned • For more information, see the In-
Filing status name changed to qualify- income when figuring the earned in- structions for Schedule 8812 (Form
1040).
ing surviving spouse. The filing status come credit (EIC) by reporting it on
qualifying widow(er) is now called qual- Form 1040 or 1040-SR, line 27b. For Changes to the earned income credit
ifying surviving spouse. The rules for 2022, they will make this election by re- (EIC). The enhancements for taxpayers
the filing status have not changed. The porting nontaxable combat pay on Form without a qualifying child that applied
same rules that applied for qualifying 1040 or 1040-SR, line 1i. for 2021 don’t apply for 2022. This
widow(er) apply to qualifying surviving Credits for sick and family leave for means, to claim the EIC without a quali-
spouse. See Qualifying surviving spouse, certain self-employed individuals are fying child in 2022 you must be at least
later. not available. Self-employed individu- age 25 but under age 65 at the end of
Standard deduction amount in- als can no longer claim these credits. 2022. If you are married and filing a
joint return, either you or your spouse
creased. For 2022, the standard deduc- Health coverage tax credit is not must be at least age 25 but under age 65
tion amount has been increased for all available. The health coverage tax at the end of 2022. It doesn’t matter
filers. The amounts are: credit was not extended. The credit is which spouse meets the age require-
• Single or Married filing separate- not available after 2021. ment, as long as one of the spouses does.
ly—$12,950. Credit for child and dependent care
• Married filing jointly or Qualify- expenses. The changes to the credit for Reporting requirements for Form
ing surviving spouse—$25,900. child and dependent care expenses im- 1099-K. Form 1099-K is issued by third
• Head of household—$19,400. plemented by the American Rescue Plan party settlement organizations and credit
New lines 1a through 1z on Form Act of 2021 (ARP), were not extended. card companies to report payment trans-
actions made to you for goods and serv-
1040 and 1040-SR. This year line 1 is For 2022, the credit for the child and de- ices.
expanded and there are new lines 1a pendent care expenses is nonrefundable.
through 1z. Some amounts that in prior The dollar limit on qualifying expenses You must report all income on your
years were reported on Form 1040 and is $3,000 for one qualifying person and tax return unless excluded by law,
Form 1040-SR are now reported on $6,000 for two or more qualifying per- whether you received the income elec-
Schedule 1. sons. The maximum credit amount al- tronically or not, and whether you re-
• Scholarship and fellowship grants lowed is 35% of your employment-rela- ceived a Form 1099-K or not. The
that were not reported to you on Form ted expenses. For more information, see box 1a and other amounts reported on
W-2 are now reported on Schedule 1, the Instructions for Form 2441 and Pub. Form 1099-K are additional pieces of in-
line 8r. 503. formation to help determine the correct
• Pension or annuity from a nonqua- Child tax credit and additional child amounts to report on your return.
lified deferred compensation plan or a tax credit. Many changes to the child If you received a Form 1099-K that
nongovernmental section 457 plan are tax credit (CTC) implemented by ARP shows payments you didn’t receive or is
now reported on Schedule 1, line 8t. were not extended. For 2022, otherwise incorrect, contact the Form
• Wages earned while incarcerated • The initial credit amount of the 1099-K issuer. Don’t contact the IRS;
are now reported on Schedule 1, line 8u. CTC is $2,000 for each qualifying child. the IRS can’t correct an incorrect Form
New line 6c on Form 1040 and • The amount of CTC that can be 1099-K. If you can’t get it corrected, or
1040-SR. A checkbox was added on claimed as a refundable credit is limited you sold a personal item at a loss, see
line 6c. Taxpayers who elect to use the as it was in 2020, except the maximum the instructions for Schedule 1, lines 8z
lump-sum election method for their ben- additional child tax credit (ACTC) and 24z, later, for more reporting infor-
efits will check this box. See Line 6c, amount has increased to $1,500 for each mation.
later. qualifying child. All IRS information about Form
Nontaxable Medicaid waiver pay- • A child must be under age 17 at 1099-K is available by going to IRS.gov/
ments on Schedule 1. For 2021, non- the end of 2022 to be a qualifying child. 1099K.
taxable amounts of Medicaid waiver • Bona fide residents of Puerto Rico
payments reported on Form 1040, line 1, are no longer required to have three or

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