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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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