The Child Tax Credit (CTC) has long been a cornerstone of financial support for families with children in the United States. Currently, parents earning $200,000 or less can claim a $2,000 credit per ...

A new Senate proposal could increase the Child Tax Credit (CTC) to $2,500, but millions of families might not benefit. The ...

Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...

This version of the budget bill would contribute to an average net gain of $12,000 to wealthy families and a $1,600 net loss ...

Roughly 410,000 returns filed by Arizonans in 2022 claimed the fully refundable Child Tax Credit or Additional Child Tax Credit, the IRS said. The nonrefundable child-related credits were claimed ...

By ensuring you claim any tax credits and deductions you qualify for, you can lower your tax liability and save some money. Parents can save on taxes by claiming the child tax credit, but making ...

The Internal Revenue Service started accepting income-tax returns on Jan. 27, opening the spigots of refund money shortly thereafter. But taxpayers who claimed the Earned Income Tax Credit or the ...

The refundable portion, known as the additional child tax credit (ACTC), is worth up to $1,700 for each qualifying child. That's how much families can claim if the credit exceeds the taxes owed.

For 2024 returns, the child tax credit is worth up to $2,000 per kid under age 17, and decreases once income hits certain thresholds. The refundable portion, known as the additional child tax ...