 Income tax 2021-2022, credits for qualifying children and other dependents overview, part number one. Get ready to get refunds to the max, dive into income tax 2021-2022. Most of this information can be found in the Schedule 8812 Instructions Tax Year 2021 on the IRS website, irs.gov, irs.gov. Income tax formula, we're down here in the credit area down below. Quick recap of the formula, everything above the taxable income. You can think of as a strange or modified income statement, income minus the deductions to get to the taxable income. Then we've got the progressive tax system and so on to calculate the actual tax. You would think then after that point in time you would just have the payments that you would be making to calculate the amount that would be refunded or the amount that would be owed. But we have more complexity even on the bottom half of the...