2007-01-26 02:25:36 · 4 answers · asked by Lisa M 2 in Business & Finance ➔ Credit
No. The child tax credit only reduces your tax liability.
On the other hand, if you qualify, the EIC (Earned Income Credit) and Additional Child Tax Credit will be added to your refund.
2007-01-26 02:53:45 · answer #1 · answered by Celeste 6 · 0⤊ 0⤋
here i will do the math for you, lets say you make 20k, 2k was taken out of your pay. Your federal tax is 1200, you get a refund of 800 ad 1k for that child tax credit becomes to be 1800, sweet isn't it!
2007-01-26 03:16:49 · answer #2 · answered by Anonymous · 0⤊ 1⤋
it is included in the forms you fill out with your income tax return.
2007-01-28 16:45:15 · answer #3 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
That dollar amount will be applied to your refund check.
2007-01-26 02:32:37 · answer #4 · answered by froggi6106 4 · 0⤊ 1⤋