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Deductions & credits
You can qualify for the full CTC credit even if you are receiving a refund.
Your tax liability is the amount on line 18. It is the total amount of taxes you are responsible for without consideration of what you have already paid in. The child tax credit can reduce your tax liability to $0. And if your withholdings and payments exceeded your tax liability, the difference is your tax refund.
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‎February 13, 2025
9:04 AM