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The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provided $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b]).
The American Rescue Plan increased the child tax credit (CTC) for 2021. Tax filers could claim a CTC of up to $3,600 per child under age 6 and up to $3,000 per child ages 6 to 17. There was no cap on the total credit amount that a filer with multiple children could claim.
4 wrz 2024 · The amount of the credit has grown substantially as well, climbing from $400 per child in 1997 to $3,600 per child in 2021 for children under six and $3,000 per child for older children, before returning to the $2,000-per-child level enacted in 2017.
21 mar 2023 · The American Rescue Plan increased the child tax credit to $3,000 per child age seven or older and $3,600 per kids six and younger. It also raised the age limit of eligible children from 16 to 17 years old.
18 cze 2021 · The law broadened the CTC along several dimensions: it raised the value of the credit from $2,000 to $3,600 for children under six and $3,000 for children over 6; raised the age of eligible...
You can claim the Child Tax Credit by entering your children and other dependents on Form 1040, U.S. Individual Income Tax Return, and attaching a completed Schedule 8812, Credits for Qualifying Children and Other Dependents.
11 mar 2024 · How did the Child Tax Credit work before 2021? Eligible families could claim a tax credit of up to $2,000 per child under age 17 who is a citizen of the U.S.
