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2022 IRS 1040-A Wilmington North Carolina: What You Should Know
In 2018, taxpayers who itemize deductions are not eligible for the 500 child tax credit or the 900 standard deduction. If a taxpayer itemizes such deductions for tax year 2025 or later, the 500 standard deduction and the 900 personal exemption for single taxpayers is not taken into account for calculating the child tax credit. Taxpayers should submit Form 4029 to receive credit amounts for tax year 2025 and 2020.
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