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 ?
HM Revenue & Customs said this is what the dates mean for benefit payments: When will child tax credits be paid?
WITH GCSE exam results delivered and a new academic year about to start, HM Revenue & Customs (HMRC) is reminding parents in Cardiff who receive Child Benefit and Child Tax Credits to inform them of their child's educational status ahead of the August 31 deadline, otherwise payments will stop.
Legal Spark Law Centre have started a crowdfunding campaign to meet the initial costs of the proposed challenge to the clause - part of the new child tax credits system.
I am boycotting the meeting as he does not want to talk about the cuts to child tax credits I have uncovered," he said.
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.
Meanwhile the child element of child tax credits will increase by GBP135 but the couple and lone-parent elements of working tax credit are being frozen, the BBC reports.
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.

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