Article: 50149
Overview
Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC) Requirements for Bona Fide Residents of Puerto Rico
Form 8812 requires taxpayers to indicate their status as bona fide residents of Puerto Rico, among other details, due to specific provisions applicable to such individuals under the Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC).
Overview of the CTC and ACTC
The CTC and ACTC are tax credits available to individuals who claim a qualifying child as a dependent. To be eligible for these credits, the child must:
- Be claimed as your dependent
- Be under the age of 17 at the end of 2024
- Meet all criteria outlined in Steps 1 through 3 of the Who Qualifies as Your Dependent section in the Instructions for Form 1040.
These credits are designed to provide financial relief to eligible taxpayers and may vary depending on residency status and compliance with IRS requirements.
How to Report Puerto Rico Specific Information
To report Puerto Rico information in your return, follow the steps below:
- Go to the Federal taxes section.
- Click on the Review tab on the left-hand side.
- Select I’d like to see the forms I’ve filled out or search for a form.
- In the search box, type in 8812 or click the Credits tab.
- Select Schedule 8812 – Credits for Qualifying Children and Other Dependents to add and open the form.
- Complete the questions regarding Puerto Rico residency.
- Click Save to apply changes.
Additional Information
See the IRS Instructions for Schedule 8812 for more information.