Tax Tools

How does the Child Tax Credit work?

The Child Tax Credit (CTC) is a non-refundable tax credit for each qualifying child you carry on your federal tax return.

The credit is worth up to $1,000 per child but is limited to the amount of tax you owe on your return. The remainder amount cannot be taken as a refund. However, if you are unable to take the full Child Tax Credit because your tax liability is less than the amount of the CTC, you may qualify for the Additional Child Tax Credit – which is fully refundable (up to $1000 per/child).

You have enough on your plate with juggling home, work and caring for your children – sit down with one of our Tax Pros and you’ll be glad you did! Our Tax Preparation Experts are IRS certified and go through a rigorous training process to insure accuracy, satisfaction and maximum refund – guaranteed!

Use our easy CTCulator to find out if you qualify to claim the Child Tax Credit on your tax return.

Child Tax Credit Calculator

Our CTCulator is under development.
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Did the qualifying child or children live with you for more than 6 months during the tax year?

What was your Adjusted Gross Income - AGI - for the tax year?

What is your filing Status? – choose one.

Congrats! Based on the info you provided, you may qualify for the following:

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Based on the information you provided, you cannot claim the Child Tax Credit. However, you may eligible for other credits & deductions.

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However, you may qualify for other credits and/or deductions. ATC Tax Pros are ready to assist.

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Qualifying Child Rules & Assumption for the CTCulator

  • The qualifying child must not provide more than half of his or her own support
  • You must be able to claim the qualifying child as a dependent on your tax return (must meet all 4 tests in order to claim your child as a dependent – see your preparer for more info)
  • The CTCulator does not take into account any exclusion of income from Puerto Rico and Foreign Earned Income from the following forms: 2555 Lines 45&50; 2555-EZ Line 18 and 4563 Line 50
  • Phase-out for the CTC begins at $110,000 for MFJ, $75,000 for Single-Head of Household & Qualifying Widow(er); and $55,000 for Married Filing Separate
  • The qualifying child must be a U.S. citizen, a U.S. national or a U.S. resident alien.
  • Relationship to child must be son or daughter, a stepchild, brother or sister, stepbrother, stepsister and any of their descendants. A foster child must be placed with you by a court or authorized agency. An adopted child is always treated as your own child.

Affordable Care Act (ACA)

Affordable Care Act (ACA) and what it means for your taxes

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