MindyB
Expert Alumni

Get your taxes done using TurboTax

Thank you for providing your file.  The children's information is input correctly. I have reviewed the information, and your income tax is computed at $360 on your 1040 Line 16, which is the amount of Child Tax Credit you've received.  The additional tax that you are being charged is self-employment tax, which cannot be reduced for Child Tax Credit, as @SteamTrain mentioned.

 

Here is some more information you may find helpful: Child Tax Credit for 2024 - 2025

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