Child Tax Credit Instructions - Department Of The Treasury Page 4
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16Child Tax Credit Worksheet
Keep for Your Records
To be a qualifying child for the child tax credit, the child must be under age 17 at the end of 2004 and meet the other
requirements listed on page 2.
CAUTION
Part 1
1.
Number of qualifying children:
$1,000. Enter the result.
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2.
Enter the amount from Form 1040, line 37, or
Form 1040A, line 22.
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3.
1040 Filers. Enter the total of any—
● Exclusion of income from Puerto Rico, and
● Amounts from Form 2555, lines 43 and 48;
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Form 2555-EZ, line 18; and
Form 4563, line 15.
1040A Filers. Enter -0-.
4.
Add lines 2 and 3. Enter the total.
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5.
Enter the amount shown below for your filing status.
● Married filing jointly - $110,000
● Single, head of household, or
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qualifying widow(er) - $75,000
● Married filing separately - $55,000
6.
Is the amount on line 4 more than the amount on line 5?
No. Leave line 6 blank. Enter -0- on line 7.
Yes. Subtract line 5 from line 4.
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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, etc.
7.
Multiply the amount on line 6 by 5% (.05). Enter the result.
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8.
Is the amount on line 1 more than the amount on line 7?
STOP
No.
You cannot take the child tax credit on Form 1040, line 51,
or Form 1040A, line 33. You also cannot take the additional child
tax credit on Form 1040, line 67, or Form 1040A, line 42.
Complete the rest of your Form 1040 or 1040A.
Yes. Subtract line 7 from line 1. Enter the result.
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Go to Part 2 on the next page.
Page 4
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