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  2. What Is the Additional Child Tax Credit (ACTC)? - AOL

    The Child Tax Credit lowers your taxes to $0, but that leaves $1,100 of the credit unused. This is where the ACTC kicks in, transforming the leftover amount into a refund.

  3. Understanding the current Child Tax Credit for 2023 and what ...

    Tax Talk addresses the current provisions and proposed changes of the Child Tax Credit. They also address why our income tax laws are so complex.

  4. Child tax credit (United States) - Wikipedia

    The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $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] ). In 2021, following the passage of the American Rescue Plan ...

  5. Tax refund timeline: Here's when to expect yours - AOL

    But if you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), the IRS by law can't issue your refund until mid-February.

  6. Canada Child Benefit - Wikipedia

    The Canada Child Benefit (CCB), previously the Canada Child Tax Benefit (CCTB), is an income-tested income support program for Canadian families. It is delivered as a tax -free monthly payment available to eligible Canadian families to help with the cost of raising children. The CCTB could incorporate the National Child Benefit (NCB), a monthly ...

  7. Earned income tax credit - Wikipedia

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1] For a person or couple to claim one or more ...

  8. Child Tax Credit: Everything You Need To Know Before ... - AOL

    The maximum tax credit per qualifying child is $2,000, while the maximum for the additional child tax credit (ACTC) is $1,600 per qualifying child — at least for tax year 2023.

  9. EXPLAINER: How to get up to $3,600 per child in tax credit - AOL

    Millions of Americans who have never filed a tax return will need to do so this year in order to claim what's coming to them under the enhanced child tax credit. Previously, only people who earned ...