Deductions & credits

The Child Tax Credit is based on the amount of tax that you owe.

• If the credit exceeds your tax liability, you may be getting the Additional Child tax credit.
• The maximum tax credit per qualifying child is $2,000.  This will offset any taxes you may owe.
• If you don’t owe any taxes, you still may qualify for the additional child tax credit.  This can be up to $1,700 per qualifying child.
• You can check your tax return to see what was credited.

From the left sidebar

1. Select Tax tools
2. Hint: You may have to minimize the Federal and State selections
3. Click Tools
4. A Menu will pop up
5. Select View tax summary
6. On the left panel click Preview my 1040

Some Key numbers:

• 11 Adjusted Gross Income
• 12 Deductions
• 15 Taxable income
• 16 Tax
• 19 Child Tax Credit
• 28 Additional Child Tax Credit
• 33 Withholdings
• 34 Refund
• 37 Amount you owe