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Deductions & credits
If your total income from working in 2024 was only $2600, then you might be barely eligible for about $15 of additional child tax credit. But even that is only if the $2600 was profit and not loss.
Additional child tax credit is calculated this way:
Amount you earned from working minus $2500 --- so now you have $100 toward additional child tax credit.
$100 x 15% = $15
**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.**
‎February 19, 2025
12:48 PM