Additional Child Tax Credit

Children And Tax Credits: The Child Tax Credit

The popular $1,000-per-child tax credit was made a permanent part of the tax code by the American Taxpayer Relief Act. Depending upon a parent’s income, the Child Tax Credit is an important and useful tax credit that may be worth as much as $1,000 per qualifying child under the age of seventeen (17). A qualifying child for this credit is someone who meets the criteria of six tests: age, relationship, support, dependent, citizenship, and residence.

Age Test – To qualify, a child must have been age 16 or younger at the end of the applicable tax year.

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