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In 2021, the Child Tax Credit increased from $2,000 per child to $3,000 per child for children ages 6 to 17 and $3,600 per child for children under 6. The plan also raised the age limit from 16 to 17.
The Child Tax Credit offers up to $2,000 per qualifying child for the 2024 tax year, ... has a $1,000 credit per child under the age of six, all of which is refundable. ... Holiday Shopping Guides.
The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).
The American Rescue Plan Act increased child tax credit payments so that families will receive $3,600 per child under age six and $3,000 per child from age 6 to 17.
Under the American Rescue Plan Act, the maximum credit increased from $2,000 per eligible child (under age 17 at the end of the tax year) to $3,600 for children under age 6 and $3,000 for children ...
The American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under the age of six, and ...
What is the child tax credit? The child tax credit, which about 46 million families claimed in 2022, was approved by a Republican-led Congress and signed into law by then-President Bill Clinton, a ...
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