How do i get the $400 tax credit?

Question

I understand there is a $400 credit that we get under the latest stimulus.  What line on the 1040 do I enter this in at?  Thank you!

Answer 1

You don't enter that anywhere.  It was already calculated into the tax tables.  That is why your take home on your paychecks went up a tiny amount last year.  Thanks fotr the extra $10 a week Obama!  That really spurred on the economy.

Answer 2

You understand incorrectly.

Answer 3

There is a separate form that you have to fill out and send in with your 1040.  It's called Schedule M.  You can find one online at www.irs.gov.

Answer 4

it is called Sch M, and I believe it is line 63