Under 19
Under 24 if student for at least 5 months
This checklist will help you determine if you qualify for the child tax credit:
The credit is limited if you modified adjusted gross income is above a certain amount. The amount varies depending on your filling status
For taxpayers with children
No. of children | Max Credit |
![]() | $3,373 |
![]() | $5,572 |
![]() | $6,269 |
No. of children | Below |
![]() | $44,846 |
![]() | $50,198 |
![]() | $53,505 |
Under 24 if student for at least 5 months
Child and dependent care expenses are limited to $3,000 for one qualifying person, and $6,000 for two or more qualifying persons.
The total child and dependent care expenses claimed cannot exceed your total earned income for the year.
The credit is equal to 35% of the maximum qualifying child and dependent care expenses. This rate is reduced by 1% for each $2,000 your adjusted gross income exceeds $15,000, but is not reduced below 20%.
In order to receive the Additional Child Tax Credit, you first must qualify for the Child Tax Credit. If the amount of your Child Tax Credit is limited by your income tax liability, you may be able to claim the Additional Child Tax Credit if your earned income is less than the limits for the year. The limits are:
For each $1,000 by which the taxpayer’s adjusted gross income (AGI) exceeds the threshold amount, the child tax credit is reduced by $50.The Additional Child Tax Credit is equal to the lesser of the not allowed portion of Child Tax Credit, or 15% of your earned income that is more than $3,000. Tax-exempt combat pay counts as earned income for calculating the Additional Child Tax Credit.
If your earned income is not more than
and you have three or more qualifying children, you may be able to claim the Additional Child Tax Credit up to the amount of Social Security taxes that you paid for the year. If you are eligible to receive the Earned Income Tax Credit, the maximum amount of Additional Child Tax Credit under this method is the total amount of Social Security taxes less the amount of the Earned Income Credit for which you are eligible.
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