The program: The calculation of the additional child tax credit is dependent on the amount of your 'earned income' and the number of qualifying children you have. If you have more than $2,500 of earned income, you can receive all or a portion of the remaining credit on Line 5. Your additional child tax credit will be computed for you using the following formula: 15% times the net amount of your earned income less $2,500. The result is your additional child tax credit up to the maximum potential credit on Line 5 of Schedule 8812.
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