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 Foreign Earned Income, you will need to use the various worksheets on pages 6-9 of IRS Publication 972 Child Tax Credit and Credit for Other Dependents to calculate the Child Tax Credit.
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:
You will see an outline of the children currently qualified 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:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.