Thanks to the tax law changes in the Tax Cuts and Jobs Act of 2017, the Child Tax Credit (CTC) is now worth up to $2,000 per qualifying child. Atax creditis a powerful tool, because it reduces the amount of tax you owe by one dollar for each dollar of a tax credit. This is d...
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along with various other miscellaneous itemized deductions, were more than 2% of your adjusted gross income (AGI). However, the Tax Cuts and Jobs Act (TCJA) of 2017 suspended that deduction from 2018 to 2025.
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TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edi...
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