Child Tax Credit

[...] The Child Tax Credit is for taxpayers with children and is potentially worth a lot of money off your tax bill [...]

[...] If you didn’t qualify to get the full $1000 per child on the Child Tax Credit, then see if you can claim the Additional Child Tax Credit.  Why wouldn’t a [...]

[...] what that means here in a previous post.  The IRS must really like parents because the child tax credit is worth quite a bit.  For each child who meets the qualifications, you get a tax [...]

[...] all the kids you want back in your home country, but they do not qualify you to take the Child Tax Credit if they are not citizens, nationals or resident aliens. Also, it would be hard to satisfy [...]

[...] The Child Tax Credit is for taxpayers with children and is potentially worth a lot of money off your tax bill when [...]

[...] is how many qualifying children you have.  To find out if your child qualifies you for a tax credit on your federal income tax return, Pub 972 is the resource used by tax professionals.  [...]

[...] The IRS offers a tax credit for each qualifying child you have.  We’ve already outlined what that means here in [...]

[...] tax filing status.  Are you single?  Married?  Married and filing your tax return jointly with your spouse? Step Six:  Lines 6-8 are simple math again.  You can [...]

[...] and is potentially worth a lot of money off your tax bill when you file your federal income tax return with the IRS.  There are a few qualifying factors but they’re easy to understand and [...]

[...] the Child Tax Credit can do for you this year is to wipe out that $800 bill you have on your tax return. The Additional Child Tax Credit But wait, there’s something you can do.  Apply for [...]

[...] .  The worksheet basically just calculates how much tax credit you’ll be getting. IRS Publication 972 is located here on the IRS website.     [...]

[...] Of Us Who Like the Whole Story… For anyone with time and inclination, there’s IRS Publication 972, an eleven-age booklet available online in PDF format here on the IRS website.  [...]

[...] IRS Publication contains the Child Tax Credit Worksheet, which at first glance looks difficult and time [...]

[...] .  You cannot use IRS form 1040 EZ if you are claiming the Additional Child Tax Credit. IRS Publication 972 is a good resource for this credit.  It’s located here on the IRS website.& [...]

[...] from your 1040 form.  Refer to our picture below…lines 47-50 are simply some more tax credits: Foreign Tax Credit Child Care & Dependent Tax Credit Education Credits Retirement Savings [...]

[...] too much money to qualify for the Child Tax Credit, you will need to know what your Modified Adjusted Gross Income will be for the tax year. What’s My Modified Adjusted Gross Income (MAGI)? It& [...]

[...] are claiming.  Let’s say your children met all six qualifications and your Modified Adjusted Gross Income is below the limitations for phase-outs.  Everything is looking good as far as [...]