Pub. 17, Your Federal Income Tax |
2004 Tax Year |
This is archived information that pertains only to the 2004 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
Form 8812 Additional Child Tax Credit 2004. Summary: This is an example of Form 8812 completed per the information in the text with these line items completed:
Name(s) shown on return field contains Amy Brown
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Your social security number field contains 012-00-5678
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Under Part I: All Filers:
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1. Enter the amount from line 1 of your Child Tax Credit Worksheet on page 41 of the Form 1040 instructions or page 38 of
the Form 1040A
instructions. If you used Pub. 972, enter the amount from line 8 of the worksheet on page 4 of the publication field contains
1,200
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2. Enter the amount from Form 1040, line 49, or Form 1040A, line 33 field contains 266
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3. Subtract line 2 from line 1. If zero, stop; you cannot take this credit field contains 934
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4. Enter your total taxable earned income. See the instructions on back field contains 23,500
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5. Is the amount on line 4 more than $10,500? Yes. Subtract $10,500 from the amount on line 4. Enter the result checkbox is
checked and field
contains 13,000
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6. Multiply the amount on line 5 by 10% (.10) and enter the result field contains 1,300
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Next. Do you have three or more qualifying children? No. If line 6 is zero, stop; you cannot take this credit. Otherwise,
skip Part II and
enter the smaller of line 3 or line 6 on line 13 checkbox is checked
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Under Part III Your Additional Child Tax Credit:
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13. This is your additional child tax credit. Enter this amount on Form 1040, line 65, or Form 1040A, line 42. field contains
934
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