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The Child Tax Credit offers up to $2,000 per qualifying child for the 2024 tax year, with $1,700 potentially refundable to eligible taxpayers. ... Requirements. According to the IRS, ...
Succinctly, the current CTC for 2023 is a $2,000 credit per qualifying child. For a taxpayer to claim the CTC, a qualifying child must meet the 3-A's test (i.e., Age, Address and Allowable ...
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).
1 qualifying child: $4,328. 2 qualifying children: $7,152. 3 or more qualifying children: $8,046 ... you could get a maximum of $2,000 for each through the Child Tax Credit (CTC). The IRS lists ...
The maximum amount per qualifying child is $2,000 and ages out at 17 years, and the refundable credit a taxpayer may receive for each qualifying child is $1,600.
3 Tax Credits Return to Pre-Pandemic Levels, Meaning Refunds Will Be Lower for Many Those who received $3,600 per dependent in 2021 for the Child Tax Credit will, if eligible, get $2,000 for the ...
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