JohnB5677
Expert Alumni

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

  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:

  • 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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