please, how do I figure child tax credit?

Answer 1

The child tax credit is a non-refundable credit that is limited to $1000 per child under the age of 17.

For example, if your total tax liability, before the child tax credit is taken into account, is less than $1000 and you have one qualifying child, you will only get up to your tax liability. However, if it is $1000 or more, then you get $1000.

Answer 2

Since you havea computer,get a tax software program like Taxcut or TurboTax,enter the requires info. It will calculate you child tax credit for you as well as do you taxes and lets you print out a copy for your own records as well as other filing options.

Answer 3

Call a tax man or a CPA and ask them.

Answer 4

Follow the instructions in your tax booklet.

That's why they give you the guidelines and instructions.

Answer 5

I thought it was $1,000 per child per year.

Answer 6

It is best to read Publication 972 (link below). There are certain guidelines to be met to qualify. For example, for tax year 2005:

The maximum amount you can claim for the credit is $1,000 for each qualifying child.

Qualifying Child
A qualifying child for purposes of the child tax credit is a child who:

Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild),

Was under age 17 at the end of 2005,

Did not provide over half of his or her own support for 2005,

Lived with you for more than half of 2005. (see Exceptions to “time lived with you” condition below), and

Was a U.S. citizen, a U.S. national, or a resident of the United States. If the child was adopted, see Adopted child below.


For each qualifying child you must either check the box on Form 1040 or Form 1040A, line 6c, column (4), or complete Form 8901 (if the child is not your dependent).

Adopted child. An adopted child is always treated as your own child. An adopted child includes a child lawfully placed with you for legal adoption.

If you are a U.S. citizen or U.S. national and your adopted child lived with you all year as a member of your household in 2005, that child meets condition (5) above to be a qualifying child for the child tax credit.

Exceptions to “time lived with you” condition. A child is considered to have lived with you for all of 2005 if the child was born or died in 2005 and your home was this child's home for the entire time he or she was alive. Temporary absences for special circumstances, such as for school, vacation, medical care, military service, or business, count as time lived with you.

There are also exceptions to the “time lived with you” condition for kidnapped children and children of divorced or separated parents. For details, see the instructions for Form 1040, lines 52 and 6c, or Form 1040A, lines 33 and 6c.

Qualifying child of more than one person. A special rule applies if your qualifying child is the qualifying child of more than one person. For details, see the instructions for Form 1040, lines 52 and 6c, or Form 1040A, lines 33 and 6c.

Limits on the Credit
You must reduce your child tax credit if either (1) or (2) applies.

The amount on Form 1040, line 46, or Form 1040A, line 28, is less than the credit. If this amount is zero, you cannot take this credit because there is no tax to reduce. But you may be able to take the additional child tax credit. See Additional Child Tax Credit, later.

Your modified adjusted gross income (AGI) is above the amount shown below for your filing status.

Married filing jointly - $110,000.

Single, head of household, or qualifying widow(er) - $75,000.

Married filing separately - $55,000.


Modified AGI. For purposes of the child tax credit, your modified AGI is your AGI plus the following amounts that may apply to you.
Any amount excluded from income because of the exclusion of income from Puerto Rico.

Any amount on line 43 or line 48 of Form 2555, Foreign Earned Income.

Any amount on line 18 of Form 2555-EZ, Foreign Earned Income Exclusion.

Any amount on line 15 of Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa.


If you do not have any of the above, your modified AGI is the same as your AGI.

AGI. Your AGI is the amount on Form 1040, line 38, or Form 1040A, line 22.