Calculate Child Tax Credit

This Search Box is Physchic!

Calculate Child Tax Credit

Federal Tax Credits

Calculate Child Tax Credit

To calculate the amount of your child tax credit, you complete a Child Tax Credit Worksheet. Depending on your circumstances, you use the Child Tax Credit Worksheet found in either the tax form 1040 instruction booklet or in Publication 972, Child Tax Credit.

What is the child tax credits threshold?

The amount you can claim on line 52 (Child Tax Credit) of Form 1040 is reduced if:

  1. Your tax on line 46 of form 1040 is less than your tax credit.
  2. Your modified adjusted gross income is above the amount shown below for your tax filing status. For purposes of child tax credit your modified adjusted gross income is usually the same as your adjusted gross income:

 

Married filing jointly $110,000
Single, head of household, qualifying widow(er) $75,000
Married filing separately $55,000

Above these limits, there is an income phase-out (the child tax credit is reduced or eliminated as your income increases)

If your income is more than the phase-out threshold or in certain other circumstances (such as your tax is less than the child tax credit you can claim), you must use Publication 972 (page 4) to calculate your child tax credit.

How much child tax credit can I get?

If your income for your tax filing status is below the child tax credit threshold amounts above, then you are entitled to claim the full $1,000 child tax credit per qualifying child.

 


Related Products:

Welfare Benefits and Tax Credits Handbook 2014 /15, Paperback by Child Povert...
Welfare Benefits and Tax Credits Handbook 2014 /15, Paperback by Child Povert...
   $14.50
The Child Tax Credit: Current Law and Legislative History by Margot L. Crandall-
The Child Tax Credit: Current Law and Legislative History by Margot L. Crandall-
   $17.72
Welfare Benefits and Tax Credits Handbook ... by Child Poverty Action 1906076952
Welfare Benefits and Tax Credits Handbook ... by Child Poverty Action 1906076952
   $5.50
Welfare Benefits and Tax Credits Handbook ... by Child Poverty Action 1906076855
Welfare Benefits and Tax Credits Handbook ... by Child Poverty Action 1906076855
   $5.93
Welfare Benefits and Tax Credits Handbook 2014 /15 by Child Poverty Action Group
Welfare Benefits and Tax Credits Handbook 2014 /15 by Child Poverty Action Group
   $247.47
Welfare Benefits and Tax Credits Handbook, Paperback by Child Poverty Action ...
Welfare Benefits and Tax Credits Handbook, Paperback by Child Poverty Action ...
   $125.64
Welfare Benefits and Tax Credits Handbook by Child Poverty Action Group Book The
Welfare Benefits and Tax Credits Handbook by Child Poverty Action Group Book The
   $5.50
The Child Tax Credit : Current Law and Legislative History by Margot L....
The Child Tax Credit : Current Law and Legislative History by Margot L....
   $17.74
Save 15% on H&R Block Online Products

TurboTax - Choose Easy


 
Child Tax Credit:
 
  Recent federal tax credits Searches
 

 

 


 

 

This Search Box is Physchic!