I have 2 kids with ITIN. (no SSN yet).. Hearing news that we cant get $2000+$2000 child tax credits this year.. Is that so?
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I have 2 kids with ITIN. (no SSN yet).. Hearing news that we cant get $2000+$2000 child tax credits this year.. Is that so?
Unfortunately, that is correct. Under the new tax law, children with ITINs do NOT qualify for the $2,000 Child Tax Credit.
They DO, however, qualify for the $500 tax credit for "other dependents".
So instead of $4,000, you will get $1,000.
Thanks for quick response.. You are awesome in replies (though $1k v/s $4k not helping me). LOL..
Sorry the news could not have been better.
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