The Child Tax Credit worksheet is explained in a new Examiner.com article by tax expert Frank Ellis. Information is provided in writing and through a comprehensive video.

Traverse City, MI -- (SBWire) -- 09/09/2014 --Information on the IRS’s Child Tax Credit is now provided on Examiner.com. Available to families with an annual household income less than $110,000, the credit helps save on tax bills. A portion of the credited amount is sometimes refunded, as the article explains, while it also covers how to properly fill out the worksheet to save more.

The Additional Child Tax Credit can be determined by using the IRS’s child tax credit worksheet. Author and tax preparation planner Frank Ellis reveals some qualification factors but also refers to the worksheet’s instruction booklet for the most current information. Instructions are provided in the article, including how to fill out a 1040 or other form.

The author also says it’s important to track whether income goes below certain thresholds as it can affect refund entitlements. Filling out the worksheet must be done carefully. Also mentioned is TurboTax software, which enables taxpayers to claim tax credits for children. The program offers a question and answer format to help identify all applicable tax credits and deductions.

A video by Harbor Financial attached to the article explains the child tax credit and its limitations. The IRS form for claiming this credit is explained and demonstrated in the video, including automatic calculations and automatic attachment of the form to the electronic 1040.

It also provides a look at the detailed information on that company’s website regarding qualification for the child tax credit. Relationships of the child to the taxpayer, how long they’ve lived with the taxpayers, and how much support has been provided factor into eligibility.

Tax season is a stressful time for many. The author provides many similar articles aimed at providing valuable information people often don’t know, making the process easier. The child tax credit and worksheet are explained in more detail at http://www.examiner.com/article/child-tax-credit-worksheet-for-2012-2013

About Frank Ellis
Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 800 articles on the Internet.

CONTACT INFORMATION:

Frank Ellis
Easy Income Tax Filing Online
945 East 8th Street Suite A
Traverse City, Michigan 49686
Website: www.easyincometaxfilingonline.com