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This update reflects changes to the Form 8938 reporting requirements made in the final regulations under section 6038D

Updates for the CAP 2025 Application Period.

The Reminders section of Publication 17, Your Federal Income Tax has been updated to reflect the increase in the maximum Additional Child Tax Credit (ACTC) amount for each qualifying child to $1,600 for 2023.

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IR-2022-10, January 11, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

FS-2022-30, May 2022 — This Fact Sheet updates the frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit (FS-2022-14). More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit.

IR-2022-159, September 19, 2022 — The IRS today updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing a tight job market, the WOTC may be able to help.

IR-2024-311, Dec. 19, 2024 — With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.

IR-2021-221, November 12, 2021 — The Internal Revenue Service today updated its frequently-asked-questions (FAQs) on 2020 Unemployment Compensation Exclusion.

IR-2022-06, January 7, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-02).