Publication 17: Your Federal Income Tax;

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.

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 child: field contains 2 multiplied by $1,000. Enter the result field contains 2,000

2. Enter the amount, if any, of your advance child tax credit payment (before offset): field contains 800

3. Is line 1 less than or equal to line 2? No. Subtract line 2 from line 1, checkbox checked and field contains 1,200

4. Enter the amount from Form 1040, line 43. field contains 703

Under 5. Add the amounts from Form 1040:

Line 45: + field contains 437

Enter the total. field contains 437

6. Are the amounts on lines 4 and 5 the same? No. Subtract line 5 from line 4 checkbox checked and field contains 266

7. Is the amount on line 1 more than the amount on line 6? Yes. Enter the amount from line 6. Also, you may be able to take the additional child tax credit. See the TIP below. checkbox checked.

This is your child tax credit. Enter this amount on Form 1040, line 49. field contains 266