Category: Repairing Jobs & Service

How to Use Form 1040 to Claim Child Tax Credits

Child tax credits are allowances provided by the IRS to working families with eligible dependent children. These credits are; the Child Tax Credit and the Additional Child Tax Credit. Family income, child’s age and dependency rules must be met before taking any of these credits. Income tax return 1040 is one of the forms that may be filed to claim these credits. Other forms for use are 1040A and 1040NR, depending on filing status. Form 1040EZ can’t be used to claim child tax credits. This article discusses claiming child credits on tax form 1040 only. Taxpayers [...]