Get Tip Additional Child Tax Credit - American Samoa - Americansamoa

The TIP Additional Child Tax Credit form for American Samoa allows qualified individuals to claim additional tax credits for their qualifying children. This guide provides step-by-step instructions on how to accurately complete the form online, ensuring you take full advantage of the credits available to you.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Provide your name as shown on your tax return at the top of the form.
3. Enter your Social Security Number in the designated field.
4. In Part I, indicate the number of qualifying children based on your Child Tax Credit Worksheet. If you used Publication 972, enter the amount from line 8 found on page 3 of that publication. This amount will typically be $1,000 per qualifying child.
5. In the next line of Part I, enter the amount from Form 390, line 47.
6. Subtract the amount in line 2 from line 1. If the result is zero, you are not eligible for the credit; stop here.
7. Proceed to Part II if you have three or more qualifying children. In this section, enter the total withheld Social Security and Medicare taxes from your Form(s) W-2 and/or W-2AS in boxes 4 and 6. For married filers, include your spouse's amounts.
8. Next, enter the total from Form 390, line 27, along with any uncollected Social Security and Medicare taxes calculated on Form 1040-SS.
9. Add the amounts from lines 4 and 5 together in line 6.
10. On line 7, enter the smaller amount from line 3 or line 6. This amount represents your Additional Child Tax Credit that may apply.
11. Lastly, enter this credit amount on Form 390, line 62.
12. After completing the form, ensure all information is accurate. You can save your changes, download the form, print it for your records, or share it as needed.

Start filling out your TIP Additional Child Tax Credit form online today to maximize your tax credits.