Friday, July 2nd, 2010
Do you count the additional child tax credit when figuring your payment from the stimulus plan?
trying4_baby asked:
I did the 1040. Line 57–0; line 52—630(childa tax credit); line 68—370(additional child tax credit). Thanks for helping me. We made 42600 and have 1 child. We are married filing jointly.
I did the 1040. Line 57–0; line 52—630(childa tax credit); line 68—370(additional child tax credit). Thanks for helping me. We made 42600 and have 1 child. We are married filing jointly.
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July 4th, 2010 at 9:56 am
No, don’t enter that into the calculator. It’s already taken care of in the calculation. Just enter line 52, the child tax credit, like it tells you to.
You will likely come up with $930 total, $630 for you and your spouse together, plus $300 for your child.