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Deductions & credits
The Child Tax Credit is based on the amount of tax that you owe.
- As the Head of Household you get a Standard Deduction of $21,900 in 2024.
- You must have more income than $21,900 before you owe any tax.
- However: If the credit exceeds your tax liability, you may be getting the Additional Child tax credit.
You can check your tax return to see if you qualified:
From the left sidebar
- Select Tax tools
- Hint: You may have to minimize the Federal and State selections
- Click Tools
- A Menu will pop up
- Select View tax summary
- On the left panel click Preview my 1040
Some Key numbers:
- 15 Taxable income
- 16 Total Tax you owe
- 19 Child Tax Credit
- 28 Additional Child Tax Credit
- 34 Refund
- 37 Amount you owe
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‎February 24, 2025
4:07 AM