The calculator also takes into account tax credits ... tax credits include the child tax credit, the child and dependent care credit, the earned income credit, the EV credit, and the American ...

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 ...

Your child will have to file a tax return if they have more earned income than the amount of the year’s standard deduction. You might want to file for them anyway if they’ll receive a refund.