We'll automatically calculate the
Child Tax Credit and
Additional Child Tax Credit. Just enter your dependents and we'll use other information on your tax return, such as your income and the age of your dependents to figure the credits for you.
The
Child Tax Credit is $2,200 for each
qualifying child.
The credit begins to phase out if your Adjusted Gross Income (AGI) is above a certain amount based on your filing status:
- $400,000 when Married Filing Jointly
- $200,000 when Single or Head of Household.
- $200,000 when Married Filing Separately
If your potential
Child Tax Credit is more than your tax, you may be able to take the
Additional Child Tax Credit.
The
Child Tax Credit calculates and shows on
Schedule 8812.