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Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other dependents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit.
Use Schedule 8812 (Form 1040) to figure your child tax credit (CTC), credit for other depend-ents (ODC), and additional child tax credit (ACTC). The CTC and ODC are nonrefundable credits. The ACTC is a refundable credit. Section references are to the Internal Revenue Code unless otherwise noted.
You are claiming one or more of the following credits: Mortgage interest credit, Form 8396. Adoption credit, Form 8839. Residential clean energy credit, Form 5695, Part I. District of Columbia first-time homebuyer credit, Form 8859. You are not filing Form 2555. Line 4 of Schedule 8812 is more than zero. 4. 5. Subtract line 4 from line 3.
"Complete the Credit Limit Worksheet B only if you meet all of the following." "You are claiming one or more of the following credits. a. Mortgage interest credit, Form 8396. b. Adoption credit, Form 8839. c. Residential clean energy credit, Form 5695, Part I. d. District of Columbia first-time homebuyer credit, Form 8859."
In that case, head on over to this page to learn more about all the things that TurboTax has to offer: https://tinyurl.com/3dnmbavy Taxpayers looking to claim a tax credit for a qualifying...
In Credit Limit Worksheet A, start by entering the amount from Line 18 of your Form 1040, 1040-SR, or 1040-NR. This represents your total tax bill, plus any alternative minimum tax as well as any excess advance premium tax credit repayment.
2020 FORM 8863 CREDIT LIMIT WORKSHEET - LINE 19 NONREFUNDABLE CREDIT WORKSHEET 1. Enter the amount from Form 8863, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2.
What is the child tax credit? The child tax credit is a nonrefundable credit that allows taxpayers to claim a tax credit of up to $2,000 per qualifying child, which reduces their tax liability. What do I need?
Use Schedule 8812 to determine the Child Tax Credit (CTC), Credit for Other Dependents (ODC), and the Additional Child Tax Credit (ACTC).
I believe you are referring to the Credit Limit Worksheet in the instructions to form 8812. That worksheet won't appear in TurboTax, even though the program uses the calculations on it to populate the form.