1. Lesson 6 Child Tax Credit

2. Objectives Calculate the Child Tax Credit using the child tax credit worksheet Calculate the Additional Child Tax Credit by using Form 8812, Additional Child Tax Credit

3. Intake/Interview Process Form 13614 – Intake and Interview Sheet – Credits Section

4. Qualifying Child Relationship Age Citizenship Support Residency

5. Child Tax Credit Exception to “Time-Lived-With-You” Requirement –Child born/died in 2006 –Kidnapped Child –Special Rules for Children of Divorced or Separated Parents.

6. Child Tax Credit Limits on credit Modified AGI

7. Check Withholding The child tax credit decreases the tax liability dollar for dollar, but not below zero. The taxpayer may want to adjust his or her withholding, if he or she is having too much tax withheld.

8. Additional Child Tax Credit Information about the Additional Child Tax Credit. Use Form 8812, Additional Child Tax Credit, to compute the credit.

9. Additional Child Tax Credit Before completing the form, gather the following information: Earned Income Credit Amount Taxable earned income Any adjustment to income for self- employment tax If the taxpayer has three or more children, total Social Security and Medicare taxes withheld (Form W-2, boxes 4 and 6).

10. Quality Review (QR) Form 8158 – Quality Review Checklist Adjustments, Deductions, and Credits Section

11. Lesson Summary Interview Tips Exercise 1 Questions