Do you have kids? If you didn't get the whole child tax credit, you might be able to qualify for the additional child tax credit.
Additional Child Tax Credit:
The additional child tax credit is the lower of:
- Your disallowed child tax credit.
- 15% of your earned income more than $3,000.
Who the Tax Credit Applies To:
In order to claim the additional child tax credit, you must first qualify for the standard child tax credit.
Income Limits:
To claim the additional child tax credit, your income must be below the following limits:
- $75,000 Single or head of household
- $110,000 Married filing joint
- $55,000 Married filing separate
How to Claim the Additional Child Tax Credit:
To claim the additional child tax credit, you must file Form 8812.
You can use CompleteTax to estimate the impact of the additional child tax credit on your tax return.
More Information :
For more information, see Child Tax Credit.
