IRS Offers Insight on Child Tax Credit for Puerto Rico Residents

The IRS issued guidance Friday for certain individuals in Puerto Rico on how to file and claim the Child Tax Credit payments.

Residents of Puerto Rico must file a federal tax return with the IRS to claim the credit through Form 1040-PR, “Planilla para la Declaración de la Contribución Federal sobre el Trabajo por Cuenta Propia,” Form 1040-SS, “U.S. Self-Employment Tax Return,” Form 1040, “U.S. Individual Income Tax Return,” or Form 1040-SR, “U.S. Tax Return for Seniors,” according to the IRS.

Rev. Proc. 2022-22 provides details for bona fide residents of Puerto Rico who have children but do not have ...