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If you have any children or other qualifying relatives younger than 17, you could get a maximum of $2,000 for each through the Child Tax Credit (CTC). The IRS lists several rules the qualifying ...
This policy would be effective for tax years 2023, 2024 and 2025. Currently, the maximum refundable CTC is limited to $1,600 per child for 2023. The new provisions increase the maximum refundable ...
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 ...
How to claim tax credits. If you qualify for the tax benefits that were part of the American Rescue Plan Act of 2021 and have yet to claim them, you’ll need to file a 2021 tax return to get them.
For the Child Tax Credit, the amount is up to $3,600 for each qualifying child ages 5 and under; up to $3,000 for each qualifying child ages 6 through 17, according to the IRS. “You may have ...
The IRS is still dealing with a backlog of tax returns, and it is possible a delay in processing your tax return has caused a delay in processing your eligibility for the child tax credit.
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