VITA Certification Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

Under which conditions can a taxpayer receive an advance payment of the Child Tax Credit?

If they meet the credits eligibility based on the current year's filing status

If they qualified in the previous year and meet current eligibility

The correct answer emphasizes that a taxpayer can receive an advance payment of the Child Tax Credit if they qualified in the previous year and meet current eligibility requirements. This is particularly relevant because the advance payments are designed to provide immediate financial relief based on the most recent tax information available.

When a taxpayer qualified for the Child Tax Credit in the prior year, it serves as a basis for their potential eligibility in the current year, assuming they continue to meet the necessary criteria outlined by the IRS. This includes factors such as income levels, filing status, and dependent information. Therefore, the carryover of qualification from the previous year plays a significant role in facilitating these advance payments.

This approach is beneficial for taxpayers, as it helps them access funds more quickly—providing a financial cushion while they finalize their returns for the current year.

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Only for large families

If they have a valid ITIN

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