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The Child Tax Credit (CTC)
is a nonrefundable credit and may be as much
as $1,000 per qualifying child depending upon
your income.
The
credit will be reduced if your adjusted gross
income is over:
-
$110,000*
and your filing status is married filing
jointly
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$75,000*
and your filing status is single, head of
household or
qualifying widow(er)
-
$55,000*
and your filing status is married filing
separately
*Special
rules may apply if you have income from
outside the United States.
If you qualify
for the Child Tax Credit, you may qualify for
the Additional Child Tax Credit.
Additional Child Tax Credit
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The Additional
Child Tax Credit is a refundable credit and
may give you a refund if you do not owe any
tax.
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The credit is
for certain individuals who receive less
than the full amount of the Child Tax
Credit.
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File Form
8812
to claim the Additional Child Tax Credit.
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