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@LookingForAnswer The full amount of the child tax credit which can be shown on line 19 is $2000. Only $1700 of that is refundable--so you cannot get more than $1700 as a refund for the additional child tax credit. The additional child tax credit is on line 28.
Child Tax Credit line 19
Credit for Other Dependents line 19
Earned Income Credit line 27
Additional Child Tax Credit line 28
The ACTC is calculated on form 8812 and is basically 15% of your earned income over $2500. The ACTC is a maximum of $1700 (2024) (per child, not $2000).
What's on lines 18, 19 and 28 of form 1040? If $0 tax on line 18, there will be $0 Child tax credit (CTC) on line 19. So, you get the maximum $1700 Additional CTC on line 28 (assuming you have enough earned income).
I found my answer.
And here I am explaining with examples for others like me who DO NOT understand the technical lingo used by tax professionals.
There are two things:
1. Child Tax Credit = This is the minimum of two numbers $2000 and "The federal taxes you owe"
2. Additional Tax Credit = The minimum of two numbers $1700 and ($2000 minus the Child tax credit you receive)
Example A:
If my federal tax = $2500.
And I have one dependent child who meets the criteria,
1. Child tax credit that I receive = $2000
2. Additional Child Tax Credit = 0
Example B:
If my federal tax = $100.
And I have one dependent child who meets the criteria,
1. Child tax credit = $100
2. Additional Child Tax credit = 1700
Hope this helps.
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