What ADDITIONAL CHILD TAX CREDIT means: A refundable credit available to taxpayers with three or more children qualifying for the child tax credit or whose earned income exceeds a specified amount and whose regular child tax credit exceeds tax liability minus other nonrefundable credits. The additional child tax credit is computed on Form 8812. For current figures, see our Child Tax Credit rate table. Also, see Child Tax Credit.
- Definition Audit:
- Dictionary and verification of a taxpayer's return or other transactions with tax consequences. An office audit is an audit by the IRS that is conducted in the agent's office. A field audit is additional child tax credit definition.
- Definition Accounting Period:
- Dictionary The period (normally 12 months) that a taxpayer uses to determine federal income tax liability. Unless a taxpayer makes a specific choice to the contrary, his accounting period is the calendar year additional child tax credit explain.
- Definition Amount Realized:
- Dictionary by a taxpayer on the sale or exchange of property. The amount received is the sum of the cash and the fair market value of any property or services plus any of the seller's liabilities assumed additional child tax credit what is.
- Definition Active Participant:
- Dictionary A taxpayer who is covered by an employer-maintained qualified retirement plan, or a qualified self-employed retirement plan, if even for only one day during the year additional child tax credit meaning.
How works Additional Child Tax Credit meaning in Tax definitions A .
