What is the Child Tax Credit?

A pair of glasses, a pencil, a tax form 1040, and a calculator with a tax button are placed together on the table, hinting at the work ahead for claiming the child tax credit.

  The Child Tax Credit allows you to claim up to $1,000 for each of your “qualifying” children who are under the age of 17 – provided you meet certain income limits. When Congress passed the fiscal cliff agreement in January 2013, lawmakers put the Child Tax Credit into effect for five years, locking it […]