Child Tax Credit

(redirected from Children's tax credit)
Also found in: Wikipedia.

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 ?
If the Chancellor subsumes the Children's Tax Credit into the new Integrated Child Credit without altering the threshold for qualification, 900,000 families will face a hefty fall in their income.
The working families' tax credit, disabled persons' tax credit and children's tax credit will also be dealt with at the mobile office, which will be open between 10am and 3pm.
Shadow Chancellor Michael Portillo dumped Tory opposition to the new children's tax credit - worth pounds 442 a year to families earning around pounds 40,000 when it is introduced in April.
MORE than one million families will miss out on up to pounds 10 a week from April unless they return their forms for the Government's new children's tax credit.
The new Children's Tax Credit, which will come on stream on April 1, will award savings of up to pounds 520 a year, to five million families across the UK, and 400,000 in Scotland.
MORE than 7,500 families in Nuneaton and Bedworth are to receive a cash boost thanks to a new Children's Tax Credit.
The National Council for One Parent Families expressed delight that the Government will extend the New Deal to more lone parents and boost the children's tax credit.
Thousands of hard-pressed families are being put off from claiming the new children's tax credit because it is complicated and unfair, say accountants.
Income from ISAs is ignored when calculating entitlements to Working Tax Credit or Children's Tax Credit.
They and others have been left struggling to make ends meet since a change to the system in April, which saw Child Tax Credit and Working Tax Credit replace Working Families' Tax Credit, Disabled Person's Tax Credit and Children's Tax Credit.
A: Child Tax Credits, combined with Working Tax Credits, replaced existing Working Families' Tax Credit, Disabled Person's Tax Credit and Children's Tax Credit.

Full browser ?