quote:

Originally posted by Grover1945:
Greetings and special blessing.

TaxService, I to not wish to disagree with you, but I think you are incorrect in your last post about the $1,000.00 child credit.

***It appears that you have disagreed, thinking I was not correct!!!-

You can only claim the child tax credit if you paid income tax or own income tax.

****That is NOT TRUE!!

This is taken right from the IRS worksheet for the child tax credit:

"Are the amounts on lines 2 and 3 the same?
TIP
You cannot take this credit because there is no tax to reduce. However, you may be able to take the additional child tax credit. See the below.
No. Subtract line 3 from line 2.

The link to this information is:

http://www.irs.gov/pub/irs-pdf/i1040gi.pdf .

You may be able to take an additional Child Tax Credit. You need to do a work up on Form 8812, you print the form at this link:

http://www.irs.gov/pub/irs-pdf/f8812.pdf

You can read the instruction for this form on this link:

http://www.irs.gov/pub/irs-pdf/i1040gi.pdf

On pages 39 and 59 which is for Line 69 on form 1040.

Have fun, any more questions just post them here.

TaxService, please be sure you are giving correct information or someone could get in trouble with the IRS.

****I am pleased to have you edit my work, Grover!!!- Your blessings are also kinda nice!!! However, if you are depended upon for spreading incorrect information, and it is accepted as valid, there may not be "trouble with the IRS" BUT those who take your word for it might suffer the loss of legitimate refunds.
Grover

quote:

Originally posted by Grover1945:
Dear John,

I tried to email this to you, but came up with an error, so will just post it here.

"You can only claim the child tax credit if you paid income tax or owe income tax.

****That is NOT TRUE!!

This is taken right from the IRS worksheet for the child tax credit:

"Are the amounts on lines 2 and 3 the same?
TIP
You cannot take this credit because there is no tax to reduce. However, you may be able to take the additional child tax credit."

John, how can you say the above is not true, did you not read what the IRS had to say in the TIP above???

Greetings and special blessings.

You stated, "you are entitled to the child tax credit ($1000 for each child under age 17-Maximum Credit $3000), even though no income tax was withheld."

My post was based on your statement above, the part about even though no income tax was withheld.

The couple should be able to take the $2,000.00 Child Tax Credit if they indeed paid that much in income tax. This is my point. Others read these post and if they look at just your statement above they would think they could tax the child tax credit even if they did not pay any taxes.

I thought my daughter and son-in-law would get $5,000.00 back plus EIC since they have 5 kids, but they get nothing on the child tax credit because he does not make enough to even pay any taxes. He has to make over $34,500.00 before any taxes are due.

****If your children made exactly $34,500, and all of the children qualify for the child tax credit (not past the age of 16), even though the credit is not available on one line of the tax return, an additional child tax credit may be claimed. Using the exact figure you produced, your children should receive an earned income credit of $1107.00 and and additional child tax credit of $3413 for a total refund of $4520, even though no income tax had been withheld. If any amounts were witheld, that would be added to the refund.

"even though no income tax was withheld." is the statement that is incorrect. In order to claim a Child Tax Credit, you have to have paid income tax in that amount. Do you agree with this??

****NO!!=

Thank you for your service and your help on the forum. I have been doing a lot of posting in the Prayer Request under The Chapel which is in the Family section. Also in Veterans Issues under Disability Compensation.

You can email me at ctx51400@Centurytel.Net .

May God richly bless and keep you and your family.

In His Service

Grover

quote:

You must reduce your child tax credit if either (1) or (2) applies.

The amount on Form 1040, line 46, or Form 1040A, line 28, is less than the credit. If this amount is zero, you cannot take this credit because there is no tax to reduce. But you may be able to take the additional child tax credit. See Additional Child Tax Credit, later.

quote:

****If your children made exactly $34,500, and all of the children qualify for the child tax credit (not past the age of 16), even though the credit is not available on one line of the tax return, an additional child tax credit may be claimed. Using the exact figure you produced, your children should receive an earned income credit of $1107.00 and and additional child tax credit of $3413 for a total refund of $4520, even though no income tax had been withheld. If any amounts were withheld, that would be added to the refund.

quote:

Originally posted by Grover1945:

quote:

****If your children made exactly $34,500, and all of the children qualify for the child tax credit (not past the age of 16), even though the credit is not available on one line of the tax return, an additional child tax credit may be claimed. Using the exact figure you produced, your children should receive an earned income credit of $1107.00 and and additional child tax credit of $3413 for a total refund of $4520, even though no income tax had been withheld. If any amounts were withheld, that would be added to the refund.

Greetings and special blessings.

John, OK, I agree with you in what you have figured above on my daughter. They probably only had around $20,000.00, so they will get more in earned income credit and less in Additional Child Tax Credit.

I see where you are coming from on the Additional Child Tax Credit. Can you understand where I am coming from on the Child Tax Credit.

In order to get back $1,000.00 per child for up to three children, you have to have paid income tax in that amount.

So, we are back to your above post, "I've done a mock up and it appears that, although you are not eligible for the EIC (based on what you've said, Married Filing Jointly), you are entitled to the child tax credit ($1000 for each child under age 17-Maximum Credit $3000), even though no income tax was withheld."

Here is what I do not agree with, "the child tax credit ($1000 for each child under age 17-Maximum Credit $3000), even though no income tax was withheld."

John, can you agree that you should have said Additional Child Tax Credit using IRS Form 8812?? That is, provided there was no income tax withheld. We do not know for sure, but I take it the service member was in a war zone with no income tax being withheld.

Sorry, if I have confused anyone, I just want everyone to be sure and do taxes correct.

I will be waiting for your response John.

May God richly bless and keep each of you.

In His Service,

Grover