Child Tax Credit (CTC)
In one sentence: A credit of up to $2,000 per qualifying child under 17.
What it means
Up to $1,700 of the CTC is refundable in 2024 (the Additional Child Tax Credit). It phases out beginning at $200,000 single / $400,000 MFJ.
In one sentence: A credit of up to $2,000 per qualifying child under 17.
Up to $1,700 of the CTC is refundable in 2024 (the Additional Child Tax Credit). It phases out beginning at $200,000 single / $400,000 MFJ.