The Federal Tax Credits Blog

Posts Tagged ‘2008 additional child tax credit calculator’

Question: How much will my stimulus payment be? All tax info is included. Need help with IRS calculator?

I don’t get the online calculator because I didn’t use any of the IRS forms, I filed online through HR Block. My main question is the about the amount of child tax credit that it asks you to enter. Is that the initial child tax credit or that plus the additional child tax credit combined? That makes a 600 dollar difference in the amount the calculator tells me I am going to receive. child tax credit is 383 and the additional child tax credit is 1617. I am not sure which one they are asking for. All of my info is below, please let me know which amount I am to enter and how much that means I’ll get back if possible. My spouse did not work in 07 and I have 2 dependents. Thanks for your help.

Total income: 28,144
AGI: 28,144
Standard deductions: 10,700
Total Deductions: 24,300
Exemptions: 13,600
Taxable income: 3,844
Income Tax/ Tax Before Credits: 383
child tax credit: 383
Federal Withholding: 102
EIC: 2,455
Additional child tax credit: 1,617
Total Payments: 4,174

Answer: Your rebate will be $383 plus $300 for child.
The rebate payment is equal the amount of tax liability on the return (tax liability on the return Form 1040 line 46 or Form 1040A line 28) with a minimum amount of $300 and a maximum amount of $600 for individuals.
For information on stimulus tax rebate read: http://taxipay.blogspot.com/2008/04/list-of-articles.html

Time for a tax tuneup?

It’s been a beautiful summer, with blue skies, lush lawns and warm nights. But even a gorgeous season like this has its drawbacks — like mosquitoes. And taxes.

Additional child tax credit Amount for 2009, 2010.mov