Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Child Tax Credit Workout

Calculating the Credit

Amount of the Credit

The actual amount of the child tax credit is figured using worksheets, but you must determine which worksheet to use for each taxpayer. Review steps 6 and 7 in the Child Tax Credit Interview Tips in the Volunteer Resource Guide, Nonrefundable Credits tab.

Tax software hint.

Tax software will automatically calculate the credit, provided you have correctly completed the:

  • Dependent section of the Main Information Sheet
  • Taxpayer's return through the retirement savings contribution credit line
  • Part I of Form 5695, and Schedule R
Steps 6 through 7 of Interview Tips about Publication 972.
Child Tax Credit Interview Tips

Child Tax Credit Interview Tips