Pub. 972, Child Tax Credit |
2006 Tax Year |
This is archived information that pertains only to the 2006 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
Line 11 Worksheet. Summary: This is an example of the Line 13 Worksheet used to determine the amount to be entered on line 13 of the Child Tax
Credit Worksheet.
The line items to be completed are:
“1. Enter the amount from line 10 of the Child Tax Credit Worksheet on page 3.” field
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“2. Enter your taxable earned income from the worksheet on page 8 or 9 that applies to you.” field
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3. Is the amount on line 2 more than $10,500?
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“No. Leave line 3 blank, enter 0 on line 4, and go to line 5.” checkbox
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“Yes. Subtract $10,500 from the amount on line 2. Enter the result.” checkbox, field
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“4. Multiply the amount on line 3 by 10% (.10) and enter the result.” field
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5. Is the amount on line 1 of the Child Tax Credit Worksheet on page 3 $3,000 or more?
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“No. If line 4 above is zero, stop. Do not complete the rest of this worksheet. Instead, go back to the Child Tax Credit Worksheet
on page 5
and do the following. Enter the amount from line 12 on line 13 and complete lines 14 and 15. Otherwise, leave lines 6 through
9 blank, enter 0 on line
10, and go to line 11 on the next page.” checkbox
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“Yes. If line 4 above is equal to or more than line 1 above, leave lines 6 through 9 blank, enter 0 on line 10, and go to line
11 on the next
page. Otherwise, see 1040 Filers and 1040A Filers on page 6 and then go to line 6.” checkbox
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If married filing jointly, include your spouse's amounts with yours when completing lines 6 and 7.
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“6. Enter the total of the following amounts from Form(s) W-2:” field
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“ Social security taxes from box 4, and”
“ Medicare taxes from box 6.”
“ Railroad employees, see the bottom of page 7.”
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“7. 1040 Filers. Enter the total of any--Amounts from Form 1040, lines 28 and 56, and Uncollected social security and Medicare
or tier 1
R.R.T.A. taxes shown in box 12 of your Form(s) W-2 with codes A, B, M, and N.--1040A Filers. Enter 0.” field
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“8. Add lines 6 and 7. Enter the total.” field
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“9. 1040 Filers. Enter the total of the amounts from Form 1040, lines 63 and 64.--1040A Filers. Enter the total of any Amount
from Form 1040A,
line 41, and Excess social security and tier 1 R.R.T.A. taxes withheld that you entered to the left of Form 1040A, line 43.” field
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“10. Subtract line 9 from line 8. If the result is zero or less, enter 0. Go to line 11 on the next page.”
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