Deductions & credits

@dc285875 the child tax credit is dependent on your income.

 

The child tax credit is the LESSER of $2000 per child or Line 18 of your tax return.  (look at Line 19 for the result)

  

The additional child tax credit is the LESSER of these three statements:

 

1) $1700 per child

2) 15% of the EARNED income that exceeds $2500

3) $2000 per child less the child tax credit calculated above.

 

Further, you are also paying self-employment tax, which is really Medicare and Social Security Tax.  That is on Line 23.  

 

does that help?