Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 71
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107 2017 Form 1040—Lines 67 Through 70
you meet the condition given in that
If you take the American oppor-
Line 67
!
TIP.
tunity credit even though you
aren't eligible and it is deter-
Additional Child Tax Credit
Form 8862 required. If your 2016 ad-
CAUTION
mined that your error is due to reckless
ditional child tax credit was denied or
or intentional disregard of the American
You may be able to use your
reduced for any reason other than a math
opportunity credit rules, you won't be
2016 earned income to figure
TIP
or clerical error, you must attach a com-
allowed to take the credit for 2 years
your additional child tax credit
pleted Form 8862 to your 2017 tax re-
even if you’re otherwise eligible to do
if (a) your 2016 earned income is more
turn to claim the credit in 2017. See
so. If you fraudulently take the American
than your 2017 earned income, and (b)
Form 8862 and its instructions for de-
opportunity credit, you won't be allowed
your main home was located in one of
tails.
to take the credit for 10 years. You also
the Presidentially declared disaster
If you take the additional child
may have to pay penalties.
areas eligible for this relief on the speci-
!
tax credit even though you
fied date. For details, see Pub. 976.
aren't eligible and it is deter-
CAUTION
Line 69
mined that your error is due to reckless
If you make the election to use your
or intentional disregard of the addition-
2016 earned income to figure your addi-
Net Premium Tax Credit
al child tax credit rules, you won't be al-
tional child tax credit, enter "PYEI" and
lowed to take the child tax credit or the
the amount of your 2016 earned income
The premium tax credit helps pay for
additional child tax credit for 2 years
in the space next to line 67. If you are
health insurance purchased through the
even if you’re otherwise eligible to do
claiming both the EIC and the additional
Marketplace. You may be eligible to
so. If you fraudulently take the addition-
child tax credit, you only need to enter
claim the premium tax credit if you,
al child tax credit, you won't be allowed
"PYEI" and the amount of your 2016
your spouse, or a dependent enrolled in
to take either credit for 10 years. You al-
earned income next to line 66a. For
health insurance through the Market-
so may have to pay penalties.
more information, see the Instructions
place. Eligible individuals may have ad-
for Schedule 8812.
vance payments of the premium tax
Refunds for returns claiming
credit made on their behalf directly to
If you elect to use your 2016
the additional child tax credit
TIP
the insurance company. You (or whoev-
!
earned income to figure your
can't be issued before mid-Feb-
er enrolled you) should have received
EIC, you must also use your
CAUTION
ruary 2018. This delay applies to the en-
Form 1095-A from the Marketplace
2016 earned income to figure your addi-
tire refund, not just the portion associ-
with information about your coverage
tional child tax credit.
ated with the additional child tax credit.
and any advance credit payments. Com-
plete Form 8962 to determine the
If you elect to use your 2016
Line 68
amount of your premium tax credit, if
!
earned income to figure your
any. If the premium tax credit you can
additional child tax credit, you
CAUTION
American Opportunity
claim exceeds your advance credit pay-
must enter the amount of your 2016 non-
ments, your net premium tax credit will
Credit
taxable combat pay on line 66b.
be shown on Form 8962, line 26. Enter
If you meet the requirements to claim an
that amount, if any, on Form 1040,
What Is the Additional Child Tax
education credit (see the instructions for
line 69. For more information, see the
Credit?
line 50), enter on line 68 the amount, if
Instructions for Form 8962.
any, from Form 8863, line 8. You may
This credit is for certain people who
Line 70
be able to increase an education credit
have at least one qualifying child for the
and reduce your total tax or increase
child tax credit (as defined in Steps 1, 2,
Amount Paid With Request
your tax refund if the student chooses to
and 3 of the instructions for line 6c).
include all or part of a Pell grant or cer-
for Extension To File
The additional child tax credit may give
tain other scholarships or fellowships in
you a refund even if you don’t owe any
If you got an automatic extension of
income. See Pub. 970 and the Instruc-
tax or didn't have any tax withheld.
time to file Form 1040 by filing Form
tions for Form 8863 for more informa-
4868 or by making a payment, enter the
tion.
Two Steps To Take the Additional
amount of the payment or any amount
Form 8862 required. If your 2016
Child Tax Credit!
you paid with Form 4868. If you paid by
American opportunity credit was denied
debit or credit card, don’t include on
Step 1. Be sure you figured the amount,
or reduced for any reason other than a
line 70 the convenience fee you were
if any, of your child tax credit. See the
math or clerical error, you must attach a
charged. Also, include any amounts paid
instructions for line 52.
completed Form 8862 to your 2017 tax
with Form 2350.
return to claim the credit in 2017. See
Step 2. Read the TIP at the end of your
Form 8862 and its instructions for de-
You may be able to deduct any
Child Tax Credit Worksheet. Use
tails.
credit or debit card conven-
TIP
Schedule 8812 to see if you can take the
ience fees on your 2018 Sched-
additional child tax credit, but only if
ule A.
-71-
Need more information or forms? Visit IRS.gov.
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