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  2. 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 Act of 2021, it was temporarily raised to $3,600 ...

  3. Taxes 2022: What families should know about the child tax credit

    First, the maximum credit amount was raised from $2,000 to $3,000 for each child ages 6 to 17 and to $3,600 for children under the age of 6. “We included 17-year-old children for the first time ...

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

    Tax Talk: Proceed cautiously when claiming the Earned Income Tax Credit this season. Succinctly, the current CTC for 2023 is a $2,000 credit per qualifying child. For a taxpayer to claim the CTC ...

  5. Child Tax Credit: Will Monthly Payments Continue Into 2022? - AOL

    This credit begins to phase down to $2,000 per child once household income reaches $75,000 for individuals, $112,500 for heads of household and $150,000 for married couples.

  6. 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 ...

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

    Families qualify for the full credit if their 2021 adjusted gross income was at or below $150,000 for married couples filing a joint return, or $75,000 for single-filer parents.

  8. Head of Household - Wikipedia

    ^ In 2021, a single parent with one child who uses the standard deduction and has a pre-tax income of $18,677 (the Census Bureau's poverty threshold for a household with a parent under 65 and a child under 18 [10]) saves $613 by filing as a head of household rather than a single filer.

  9. What You Need To Know About the Child Tax Credit in Spring 2022

    The Child Tax Credit has long assisted American families with children, but Congress enhanced it significantly in 2021. This expansion was part of The American Rescue Plan, which probably received ...

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