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Deductions & credits
Here is how the additional child tax credit that ends up on line 28 is calculated:
Take the amount you earned from working, subtract $2500, and multiply what is left by 15%. That is your additional child tax credit ---- up to a maximum of $1700 per child for 2024. For 2023 that maximum was $1600.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎January 31, 2025
9:45 AM