Filled-in Child Tax Credit Worksheet--Amy Brown (Page references are to the Form 1040 instructions.)

Summary: This is an example of the Child Tax Credit Worksheet with line items completed per the information in the text.

1. Number of qualifying children: field contains 2 multiplied by $1,000. Enter the result field contains 2,000
2. Enter the amount from Form 1040, line 38: field contains 30,450
Under 3. Enter the amounts shown below for your filing status. Field contains 75,000
4. Is the amount on line 2 more than the amount on line 3? No. Leave line 4 blank. Enter -0- on line 5. checkbox checked and field is blank
5. Multiply the amount on line 4 by 5% (.05). Enter the result. Field contains -0-
6. Is the amount on line 1 more than the amount on line 5? Yes. Subtract line 5 from line 1. Enter the result. Go to Part 2 on the next page. Checkbox checked and field contains 2,000
7. Enter the amount from Form 1040, line 46. Field contains 1,108
Under 8. Add the amounts from Form 1040:
- Line 48: field contains 225
- Enter the total. field contains 225
9. Are the amounts on lines 7 and 8 the same? No. Subtract line 8 from line 7. Checkbox checked and field contains 883
10. Is the amount line 6 more than the amount on line 9? Yes. Enter the amount from line 9. Checkbox checked
- This is your child tax credit. Enter this amount on Form 1040, line 51. Field contains 883