What is additional child tax credit
Other People Are Reading
How the ACTC Works
Suppose you calculate your taxes and find that you owe $600 before subtracting taxes already paid and tax credits. You qualify for a $1,000 Child Tax Credit, but because your tax liability is only $600, that’s all you can claim. As long as you have at least $3,000 in earned income, you can use the Additional Child Tax Credit to get the remaining $400.
General ACTC Qualifying Rules
- Photo Credit Darrin Klimek/Photodisc/Getty Images
More Like This
How to Calculate Child Tax Credit
How to Check the Status
of an IRS Stimulus Refund
What Happens If I Make a Partial Tax Payment to the IRS?
You May Also Like
These can tend to have additional charges than other types of investments. A Tax Credit on Real Estate Donations. Gross Wages.
Child Tax Refund Information. If the credit is a higher amount than the tax due, you may be able to claim.
How to Determine Eligibility for Additional Child Tax Credit on Federal Income Taxes.
Once you've filled out the Child Tax Credit worksheet, use IRS Form 8812 to determine whether you qualify for the Additional Child.
Credit; Cards; Loans; Real Estate. Buying a Home; Home Loans;. our parents can claim us as qualifying child dependents and receive.Source: ehow.com