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Child Tax Credit Worksheet

Child Tax Credit Worksheet

Summary: This is 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 from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37." field
"3. 1040 Filers. Enter the total of any exclusion of income from Puerto Rico, and any amounts from Form 2555, lines 45 and 50; Form 2555–EZ, line 18; and Form 4563, line 15. 1040A and 1040NR Filers. Enter 0." field
"4. Add lines 2 and 3. Enter the total." field
"5. 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
"6. Is the amount on line 4 more than the amount on line 5?" field
"No. Leave line 6 blank. Enter 0 on line 7." checkbox
"Yes. Subtract line 5 from line 4. 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
"7. Multiply the amount on line 6 by 5% (.05). Enter the result." field
8. Is the amount on line 6 more than the amount on line 7?
"No. STOP You cannot take the child tax credit on Form 1040, line 52, Form 1040A, line 35, or Form 1040NR, line 49. You also cannot take the additional child tax credit on Form 1040, line 67, Form 1040A, line 43 or Form 1040NR, line 64. Complete the rest of your Form 1040, Form 1040A, or Form 1040NR." checkbox
"Yes. Subtract line 7 from line 1. Enter the result. Go to Part 2 on the next page." field