2007 Instructions For Form 1040 - Draft Worksheet(S) And Tables Page 15
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39Child Tax Credit Worksheet—Line 52
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 2007 and meet the other requirements listed on page 19.
● Do not use this worksheet if you answered “Yes” to question 1, 2, or 3 on page 42. Instead, use Pub. 972.
● If you are claiming the mortgage interest credit or District of Columbia first-time homebuyer credit, complete the
CAUTION
applicable credit form (Form 8396 or Form 8859, respectively) before you start this worksheet.
1.
Number of qualifying children:
$1,000.
1
Enter the result.
2.
Enter the amount from Form 1040, line 46.
2
3.
Add the amounts from Form 1040:
Line 47
Line 48
+
Line 49
+
Line 50
+
Line 51
+
3
Line 54* +
Enter the total.
*Include only the amounts, if any, from Form 8396, line 13, and Form 8859, line 13.
4.
Are the amounts on lines 2 and 3 the same?
STOP
Yes.
You cannot take this credit because there is no tax
to reduce. However, you may be able to take the
TIP
additional child tax credit. See the
below.
4
No. Subtract line 3 from line 2.
5.
Is the amount on line 1 more than the amount on line 4?
Yes. Enter the amount from line 4.
Also, you may be able to take the
This is your child tax
5
additional child tax credit. See the
credit.
TIP
below.
Enter this amount on
Form 1040, line 52.
No. Enter the amount from line 1.
You may be able to take the additional child tax credit
on Form 1040, line 68, if you answered “Yes” on line 4 or
TIP
line 5 above.
● First, complete your Form 1040 through line 67.
● Then, use Form 8812 to figure any additional child tax
credit.
- 14 -
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2007
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Department Of The Treasury Internal Revenue Service - 2009
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2008
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2005
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2010
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2006
Financial
Related Categories
Parent category: Financial