Child Tax Credit - Nonrefundable Credits (or Form 2555) Worksheet

If you are claiming any of the following nonrefundable credits or excluding income from Puerto Rico, American Samoa, or other foreign earned income on Form 2555, you will need to use the various worksheets on pages 6-9 of IRS Publication 972 to calculate the Child Tax Credit.

  • Mortgage Interest Credit, Form 8396
  • Adoption credit, Form 8839
  • Residential Energy Efficient Property Credit, Form 5695, Part I
  • District of Columbia First-Time Homebuyer Credit, Form 8859
The TaxAct program contains the worksheets necessary to compute your Child Tax Credit and will calculate the credit based on your entries; however, you may need to make additional adjusting entries by following these steps:
  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Other Credits to expand the category and then click Child Tax Credit
  3. The program will proceed with the interview questions for you to enter or review the appropriate information

The screen titled Child Tax Credit will outline the children currently qualifying for the Child Tax Credit and the credit amount applied to your return.
Your Child Tax Credit may be reduced if your income exceeds the following thresholds:

  • Married filing jointly - $400,000
  • All other filing statuses - $200,000