2003 Tax Help Archives  

Keyword: Child Tax Credit

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.


7.6 Child Care Credit/Other Credits: Advance Child Tax Credit


I got the check. Does this mean that I will not be getting a big refund on my 2003 return?

Assuming that your income and number of qualifying children remain the same, your 2003 refund should not be smaller than your 2002 refund because of your advance payment. The law simply gave you this increase rather than have you wait until you filed your 2003 return in 2004. You just subtract the amount of your advance payment check from the $1,000 per-child total on your 2003 return.

Tax Topics & FAQs | 2003 Tax Year Archives | Tax Help Archives | Home