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Child tax credit worksheet 2023 Form: What You Should Know

The 2023 Annual Report of Schedule 985, Employer's Estimated Tax for Federal Tax Purposes for the tax year 2023 (Form 1040, page 30) shows the Child Tax Credit amounts if you are eligible. It explains how to calculate and determine the amount of the child tax credit. 2018 Publication 972 — IRS Publication 972 contains a separate section for calculating the Child Tax Credit. It has a worksheet that applies to you. It also has a worksheet for figuring your earned income. These worksheets are intended primarily For  2017 Publication 972 — Internal Revenue Service Form 990-A, Taxable Income (Line 12 of Schedule A, Part IV) You must calculate the CTC or COBRA deduction for 2023 when you fill out your 2023 Form 990, as detailed in Publication 976. You can use the amount from the form, or any information from the Form 990 you have already entered. You must take the earned income and medical expense deduction in 2023 as outlined in the Income Tax Folio S1-F2-C2, which is available from the Internal Revenue Service. For information about medical expenses, see Publication 502, Medical and Dental Expenses: Tax Guide for Individuals. You can also use Form 1040, line 1. If you need more information for this calculation, and you are a U.S. citizen, resident alien or Green Card holder, use Form 1040A. See Publication 515, U.S. Tax Guide for Aliens. If you use line 8a of Form 8106 to figure the child tax credit, the Child Tax Credit Worksheet (see the instructions for Form 1040, line 12) does not apply. It applies only if you do not itemize your deduction on line 21. If you need more information for this calculation, and you are a U.S. citizen, resident alien or holder of a Green Card, use Form 1040A. See Publication 515. You can also use: Annual Return for a Year 2017, U.S. Tax Return for Tax Year 2023 (Form 1040). If you use Form 1040A in 2017, you are also treated as a U.S. citizen, resident alien or Green Card holder, and you are eligible to claim the earned income credit.

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