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 ?
But he was left shocked when he was told that if he came off housing benefits, the family would automatically have all theirUniversal Creditpayments stopped, which would mean they would also lose the [pounds sterling]470 per month child tax credits they currently receive for his two step-children.
Social security spokesman Mark Griffin said: "With one in four children living in poverty, it is simply scandalous that families have missed out on more than PS200million in child tax credits.
SIXTY faith leaders yesterday urged Theresa May to ditch the Tories' "two-child" policy for child tax credits.
HM Revenue & Customs said this is what the dates mean for benefit payments: When will child tax credits be paid?
"They are now being told to claim jobseeker's allowance, but Her Majesty's Revenue and Customs will not reinstate, or backdate their child tax credits.
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.
Freezing Child Tax Credits, Working Tax Credits and Job Seekers' Allowance - rather than raising them in line with living costs - could see affected families losing up to 12% from the real value of their benefits and tax credits by 2020.
"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.
He said the move would raise at least pounds 1.25bn, allowing the Chancellor to reinstate working and child tax credits that were cut in the Autumn Statement.
And I don't think the dole and child tax credits are a priority in Sharia law.

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