Form 8812 - Additional Child Tax Credit - 2007 Page 2

Download a blank fillable Form 8812 - Additional Child Tax Credit - 2007 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 8812 - Additional Child Tax Credit - 2007 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Go to Form 8812, page 1
2
Form 8812 (2007)
Page
Instructions
Medicaid and supplemental security income
Paperwork Reduction Act Notice. We ask for
(SSI).
the information on this form to carry out the
Internal Revenue laws of the United States. You
Purpose of Form
Food stamps and low-income housing.
are required to give us the information. We need
Use Form 8812 to figure your additional child tax
it to ensure that you are complying with these
Nontaxable Combat Pay
credit. The additional child tax credit may give
laws and to allow us to figure and collect the right
you a refund even if you do not owe any tax.
Enter on line 4b the total amount of nontaxable
amount of tax.
combat pay that you, and your spouse if filing
You are not required to provide the information
Who Should Use Form 8812
jointly, received in 2007. This amount should be
requested on a form that is subject to the
shown in Form W-2, box 12, with code Q.
First, complete the Child Tax Credit Worksheet
Paperwork Reduction Act unless the form displays
that applies to you. See the instructions for Form
a valid OMB control number. Books or records
Railroad Employees
1040, line 52, Form 1040A, line 32, or Form
relating to a form or its instructions must be
1040NR, line 47. If you meet the condition given
If you worked for a railroad, include the following
retained as long as their contents may become
in the TIP at the end of your Child Tax Credit
taxes in the total on Form 8812, line 7.
material in the administration of any Internal
Worksheet, use Form 8812 to see if you can take
Revenue law. Generally, tax returns and return
Tier 1 tax withheld from your pay. This tax
the additional child tax credit.
information are confidential, as required by
should be shown in box 14 of your Form(s) W-2
Internal Revenue Code section 6103.
and identified as “Tier 1 tax.”
Effect of Credit on Welfare Benefits
The average time and expenses required to
If you were an employee representative, 50% of
Any refund you receive as a result of taking the
complete and file this form will vary depending
the total tier 1 tax you paid for 2007.
additional child tax credit will not be used to
on individual circumstances. For the estimated
determine if you are eligible for the following
averages, see the instructions for your income tax
1040A Filers
programs, or how much you can receive from
return.
them. But if the refund you receive because of the
If you, or your spouse if filing jointly, had more
If you have suggestions for making this form
additional child tax credit is not spent within a
than one employer for 2007 and total wages of
simpler, we would be happy to hear from you. See
certain period of time, it may count as an asset (or
over $97,500, figure any excess social security
the instructions for your income tax return.
resource) and affect your eligibility.
and tier 1 railroad retirement (RRTA) taxes
Temporary Assistance for Needy Families
withheld. See Pub. 505. Include any excess on
(TANF).
Form 8812, line 10.
Earned Income Chart—Line 4a
IF you...
AND you...
THEN enter on line 4a...
have net earnings
use either optional method to figure
the amount figured using Pub. 972.
from self-
those net earnings
employment
completed Worksheet B on page 49
your earned income from Worksheet B, line 4b, plus all of your nontaxable combat pay if you did not elect to
of your Form 1040 instructions
include it in earned income for the EIC. If you were a member of the clergy, subtract (a) the rental value of a home
are taking the EIC
or the nontaxable portion of an allowance for a home furnished to you (including payments for utilities), and (b) the
on Form 1040,
value of meals and lodging provided to you, your spouse, and your dependents for your employer’s convenience.
line 66a, or Form
1040A, line 40a
did not complete Worksheet B or
your earned income from Step 5 on page 46 of your 1040 instructions or page 40 of your 1040A instructions, plus all
filed Form 1040A
of your nontaxable combat pay if you did not elect to include it in earned income for the EIC.
were self-employed, or you are filing
the amount figured using Pub. 972.
Schedule SE because you were a
member of the clergy or you had
church employee income, or you are
filing Schedule C or C-EZ as a
statutory employee
are not self-employed or filing
your earned income figured as follows:
Schedule SE, C, or C-EZ for the
Line 7 of Form 1040 or Form 1040A, or line 8 of Form 1040NR
above reasons
Subtract, if included on line 7 (line 8 for Form 1040NR), any:
Taxable scholarship or fellowship grant not reported on a Form W-2.
Amount received for work performed while an inmate in a penal institution (put
are not taking the
“PRI” and the amount subtracted in the space next to line 7 of Form 1040 or
EIC
1040A (line 8 for Form 1040NR)).
Amount received as a pension or annuity from a nonqualified deferred
compensation plan or a nongovernmental section 457 plan (put “DFC” and the
amount subtracted in the space next to line 7 of Form 1040 or Form 1040A (line 8
for Form 1040NR)). This amount may be shown in box 11 of your Form W-2. If
you received such an amount but box 11 is blank, contact your employer for the
amount received as a pension or annuity.
Amount from Form 2555, line 43, or Form 2555-EZ, line 18.
+
Add all your nontaxable combat pay from Form(s) W-2, box 12, with code Q
Earned income =
Go to other self-calculating tax forms

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2