Child Tax Credit

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Child Tax Credit

In U.S. tax law, a direct dollar-for-dollar reduction in one's tax liability per eligible child in the household. Depending on the modified AGI of the person(s) filing, the child tax credit is generally $1,000 per child. See also: Tax credit.

Child Tax Credit

A credit of up to $1,000 per eligible child under age 17 at the end of the tax year. The credit may be refundable for taxpayers with three or more children eligible for the credit and for those whose earned income exceeds a specified amount that is adjusted for inflation each year.
References in periodicals archive ?
I am boycotting the meeting as he does not want to talk about the cuts to child tax credits I have uncovered," he said.
Last month, the mum-of- two to daughter Chloe, nine, and son Jaxon, two, was told by HMRC that her PS103-a-week child tax credits were being stopped because they believed she was living with two other women.
As well providing figures on the number of children living in poverty in a particular postcode, the map also includes personal stories from Liverpool families who say they will be affected by a cut in child tax credits.
We have got the House of Commons library to look at the proposal they have been briefing, that child tax credits would be cut back to the level of 2003.
And I don't think the dole and child tax credits are a priority in Sharia law.
Code and regulations control vis-a-vis the dependency exemption and child tax credits, which child tax credits, unless phased out, can be taken only by the parent who can take the dependency exemption.
A Children's Society spokesman added the country was "still in danger of creating the new poor", adding: "Tax breaks for low income families are clearly welcome, but hiking up VAT to 20%, ending payments like the health in pregnancy grant and slashing child tax credits at a pounds 40,000 joint income threshold are all going to put pressure on a lot of families already struggling to make ends meet.
Conservatives and the Liberal Democrats are proposing axing child tax credits for better off claimants, something Labour has seized on as penalising middle class families.
I NOTICED that it has emerged that the Tories' proposed tax plan to cut child tax credits for households on more than pounds 50,000 per year in total would raise only pounds 45m - not the pounds 400m that they claimed it would.
I NOTICE that it emerged last week that the Tories' proposed tax plan to cut Child Tax Credits for households on more than pounds 50,000 per year in total would raise only pounds 45m - not the pounds 400m that they claimed it would.
Households with children aged up to 16 - and in some circumstances older - can claim child tax credits if they have a joint income of up to pounds 58,175 (pounds 66,350 if at least one child is under one year old).
IT EMERGED last week that the Tories' proposed plan to cut child tax credits for households on more than pounds 50,000 per year would raise only pounds 45m - not the pounds 400m they claim.

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