Child Tax Credit Worksheet

Summary: This is an example of the Child Tax Credit Worksheet. The line items that are to be completed are:

Under“Part 1”:

“1. Number of qualifying children field multiplied by $1,000. Enter the result.” field

“2. Enter the amount, if any, of your advance child tax credit (before offset)” field

3. Is line 1 less than line 2?

“Yes. STOP You cannot take this credit. If line 2 is more than line 1, you do not have to pay back the difference.” checkbox

“No. Subtract line 2 from line 1.” checkbox, field

“4. Enter the amount from Form 1040, line 38, Form 1040A, line 22, or Form 1040NR, line 36” field

“5. 1040 Filers. Enter the total of any exclusion of income from Puerto Rico, and Amounts from Form 2555, line 45 and 50; Form 2555-EZ, line 18; and Form 4563, line 15.--1040A and 1040NR Filers. Enter 0.” field

“6. Add lines 4 and 5. Enter the total.” field

“7. Enter the amount shown below for your filing status.” field

Married filing jointly--$110,000
Single, head of household, or qualifying widow(er)--$75,000
Married filing separately--$55,000

8. Is the amount on line 6 more than the amount on line 7?

“No. Leave line 8 blank. Enter 0 on line 9.” checkbox

“Yes. Subtract line 7 from line 6. If the result is not a multiple of $1,000, increase it to the next multiple of $1,000 (for example, increase $425 to $1,000, increase 1,025 to $2,000, etcetera).” checkbox, field

“9. Multiply the amount on line 8 by 5% (.05). Enter the result.” field

10. Is the amount on line 3 more than the amount on line 9?

“No. STOP You cannot take the child tax credit on Form 1040, line 51, Form 1040A, line 32, or Form 1040NR, line 47. You also cannot take the additional child tax credit on Form 1040, line 67, Form 1040A, line 41 or Form 1040NR, line 61. Complete the rest of your Form 1040, 1040A, or Form 1040NR.” checkbox

“Yes. Subtract line 7 from line 1. Enter the result. Go to Part 2 on the next page.” field