child tax credit explained

Additional Child Tax Credit: Know Amount, Eligibility & Payment Dates

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Additional Child Tax Credit: Know Amount, Eligibility & Payment Dates

The Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC) are very important to many families in the US. These credits provide financial support to families with eligible children. While the CTC is a non-refundable credit that reduces tax liability, the ACTC allows eligible taxpayers to receive a portion of the unused credit as … Read more

$3,600 Child Tax Credit April 2025– Eligibility, Benefits & Claim Process

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$3,600 Child Tax Credit April 2025– Eligibility, Benefits & Claim Process

Millions of families in the United States rely on the Child Tax Credit (CTC) to help meet the financial needs associated with raising children. In 2021, the amount of this credit was temporarily increased to $3,600 per child, providing great relief to many families. But from 2022 onwards, this amount was reverted back to $2,000 … Read more