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Get your taxes done using TurboTax
The CTC is limited to your tax liability. The additional child tax credit is calculated by taking subtracting $2,500 from your income and then multiplying that number by 15%. If you do not have more than $2,500 of eligible income, you would not qualify for the Additional Child Tax Credit. So if your total income was $3,350 then you would have an additional child tax credit of $127.50
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‎April 16, 2024
6:31 AM