Module 8: Claiming Child Tax Credit
The child tax credit allows taxpayers to claim a tax credit of up to $1,000 per qualifying child under the age of 17. This reduces their tax liability, potentially to $0. In order to claim the credit, the taxpayer and child must meet numerous requirements.
When a taxpayer's child tax credit is more than their tax liability, they may be eligible to claim an additional child tax credit as well as the child tax credit. The additional child tax credit is also a tax credit of up to $1,000 per qualifying child. This further reduces their tax liability and can result in a refund. Taxpayers must meet additional requirements to claim this credit.
Tax Tutorial: Child Tax Credit and Additional Child Tax CreditCheck your understanding of how to handle refunds and payments as well as recordkeeping requirements.
Fact Sheet: Child Tax Credit and Additional Child Tax CreditPrint this fact sheet on the child tax credit and additional child tax credit.
Simulation 8: Claiming the Child Tax Credit and Additional Child Tax CreditTake on the role of Scott Newberry and claim a child tax credit and an additional child tax credit on your tax form.
Assessment: Claiming Child Tax Credit and Additional Child Tax CreditReview your understanding of the child tax credit and additional child tax credit.
Check your understanding of the child tax credit and additional child tax credit. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
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