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Child Tax Credit
(redirected from Children's tax credit)

   Also found in: Wikipedia 0.13 sec.
Child Tax Credit
A credit given to taxpayers for each dependent child that is under the age of 17 at the end of the tax year.

Notes:
This is a reward given to parents or guardians for taking care of their dependents.



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A children's tax credit, reductions in the capital-gains and estate levies, and tax breaks for college students Clinton sought.
His program also contains tax reductions: expansion of the earned income tax credit, a choice for the middle class between a children's tax credit and a "significant" reduction in income tax rates, a targeted investment tax credit, and a 50 percent tax exclusion for small businesses making long-term investments in new businesses.
 
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