Skip to main content
January 28, 2020
Question

How much earned income or child tax credit do you receive?

  • January 28, 2020
  • 1 reply
  • 0 views
No text available

1 reply

Hal_Al
Employee
January 28, 2020

There is no fixed amount per child. Your refundable, child based,  credits are calculated based on the amount of your earned income. It consists of two parts: The Earned income Credit (EIC) is looked up in this table https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf. The "Additional" Child Tax Credit is calculated on form 8812, but is basically 15% of your earned income over $2500, up to $1400 per child. https://www.irs.gov/pub/irs-pdf/f1040s8.pdf .

The $2000 Child tax credit, you may have heard of includes a $600 non-refundable portion.