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

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