Page 63 - Individual Forms & Instructions Guide

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Line 28 Line 29 Refund Offset

Additional Child Tax Credit American Opportunity If you owe past-due federal tax, state in-
come tax, state unemployment compen-
See Schedule 8812 (Form 1040) and its Credit sation debts, child support, spousal sup-
instructions for information on figuring If you meet the requirements to claim an port, or certain federal nontax debts,
and claiming any additional child tax education credit (see the instructions for such as student loans, all or part of the
credit that you may qualify to claim. If Schedule 3, line 3), enter on line 29 the overpayment on line 34 may be used
you are claiming the additional child tax amount, if any, from Form 8863, line 8. (offset) to pay the past-due amount. Off-
credit, complete Schedule 8812 and at- You may be able to increase an educa- sets for federal taxes are made by the
tach it to your Form 1040 or 1040-SR. tion credit and reduce your total tax or IRS. All other offsets are made by the
Form 8862, who must file. You must increase your tax refund if the student Treasury Department's Bureau of the
file Form 8862 to claim the additional chooses to include all or part of a Pell Fiscal Service. For federal tax offsets,
child tax credit if your child tax credit grant or certain other scholarships or fel- you will receive a notice from the IRS.
(refundable or nonrefundable depending lowships in income. See Pub. 970 and For all other offsets, you will receive a
on the tax year), additional child tax the Instructions for Form 8863 for more notice from the Fiscal Service. To find
credit, or credit for other dependents for information. out if you may have an offset or if you
a year after 2015 was denied or reduced Form 8862 required. You must file have any questions about it, contact the
for any reason other than a math or cleri- Form 8862 if your American opportuni- agency to which you owe the debt.
cal error. Attach a completed Form 8862 ty credit for a year after 2015 was de-
to your 2022 return to claim the credit nied or reduced for any reason other Deposit Refund into Multiple
for 2022. Don't file Form 8862 if you than a math or clerical error. Attach a Accounts
filed Form 8862 for 2021 and the child completed Form 8862 to your 2022 re- If you want your refund to be split and
tax credit (refundable or nonrefundable), turn to claim the credit for 2022. Don't direct deposited into more than one ac-
additional child tax credit, or credit for file Form 8862 if you filed Form 8862 count, file Form 8888. Use Form 8888
other dependents was allowed for that for 2021 and the American opportunity to direct deposit your refund (or part of
year. See Form 8862 and its instructions credit was allowed for that year. See it) to one or more accounts in your name
for details. Form 8862 and its instructions for de- at a bank or other financial institution
If you take the additional child tails. (such as a mutual fund, brokerage firm,
! tax credit even though you If you take the American op- or credit union) in the United States.
CAUTION aren't eligible and it is deter- ! portunity credit even though
mined that your error is due to reckless CAUTION you aren't eligible and it is de- Injured Spouse
or intentional disregard of the addition- termined that your error is due to reck- If you file a joint return and your spouse
al child tax credit rules, you won't be al- less or intentional disregard of the hasn’t paid past-due federal tax, state in-
lowed to take the child tax credit, the American opportunity credit rules, you come tax, state unemployment compen-
credit for other dependents, or the addi- won't be allowed to take the credit for 2 sation debts, child support, spousal sup-
tional child tax credit for 2 years even if years even if you’re otherwise eligible to port, or a federal nontax debt, such as a
you’re otherwise eligible to do so. If you do so. If you take the American opportu- student loan, part or all of the overpay-
take the additional child tax credit even nity credit even though you aren't eligi- ment on line 34 may be used (offset) to
though you aren’t eligible and it is later ble and it is determined that you fraudu- pay the past-due amount. But your part
determined that you fraudulently took lently took the credit, you won't be al- of the overpayment may be refunded to
the credit, you won't be allowed to take lowed to take the credit for 10 years. you if certain conditions apply and you
the child tax credit, the credit for other You may also have to pay penalties. complete Form 8379. For details see
dependents, or the additional child tax Form 8379.
credit for 10 years. You may also have
to pay penalties. Line 30 Lines 35a Through 35d
Line 30 has been reserved for future use.
Refunds for returns claiming Amount Refunded to You
TIP the additional child tax credit
can't be issued before mid-Feb- If you want to check the status of your
ruary 2023. This delay applies to the en- Refund refund, just use the IRS2Go app or go to
tire refund, not just the portion associ- IRS.gov/Refunds. See Refund Informa-
ated with the additional child tax credit. Line 34 tion, later. Information about your re-
fund will generally be available within
Amount Overpaid 24 hours after the IRS receives your
e-filed return, or 4 weeks after you mail
If line 34 is under $1, we will send a re- your paper return. If you filed Form
fund only on written request. 8379 with your return, wait 14 weeks

Need more information or forms? Visit IRS.gov. -56-