Disclaimer: This calculator provides ... Modified Adjusted Gross Income (MAGI): Your MAGI determines your credit phase-out. For most people, this is the same as AGI from your tax return.

For example, the child tax credit for 2024 is partially ... your ordinary income by up to $3,000 per year. This federal income tax calculator considers basic filing and income information to ...

What information do I need to use the income tax calculator? You typically need details such as your annual income, filing status, deductions, and credits. The more accurate the information ...

“The Child Tax Credit (CTC) is a tax credit for eligible families with dependent children under age 17 at the end of the tax ...

The lower the income and the more kids, the higher the potential credit ... The IRS also has an online tax assistant calculator to help determine if you qualify for this benefit, along with ...