Tax Topic

Child Tax Credit and Additional Child Tax Credit

The maximum credit remains at $2,000 per qualifying child. Up to $1,400 of the credit can be refundable for each qualifying child as the additional child tax credit. In addition, the income threshold at which the child tax credit begins to phase out is $200,000, or $400,000 if married filing jointly. Additionally, the child must have a Social Security Number to qualify for the Child Tax Credit.



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