Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden.

The Child Tax Credit ... fears about this type of tax relief leading to large reductions in parents working are not born out; families use tax credits to make good investments." ...

But there is some good news. This tax break has a refundable portion (the additional child tax credit) — more on that below. Better yet, due to inflation adjustments, the refundable amount is ...

The child tax credit is a tax break that applies a credit to your income taxes for a qualifying child or children, potentially earning you a refund on your federal tax return. The value of the ...

Colorado families with children under 17 are now eligible for the new family affordability tax credit, which can provide up ...

The IRS sent the last round of 2021 child credit payments ... Six Hurdles for Trump's Tax Bill The Tax Letter While the odds for a new tax bill in 2025 are quite good, there are some sticking ...

With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas Kika Writer Thomas is a native of ...

Thanks to the 2017 Tax Cuts and Jobs Act, the child tax credit is capped at $2,000 per eligible child – down from a maximum of $3,600 per child during the pandemic, but double that of tax year 2016.

Both Harris and Trump support raising the child tax credit ... Here’s a bit of good economic news…at last! (Even better, it’s related to kids.) Amid all the bad economic news, there's ...

Some refundable tax credits have a refundable portion and a nonrefundable portion. Take the child tax credit ... on Schedule 5 of the form 1040. But a good tax software program should be able ...