How Can You Qualify for the Child Tax Credit (CTC)?

Eligible children’s parents and guardians receive financial relief from the Child Tax Credit (CTC). Should your tax obligation be lower than the credit amount, this credit may potentially entitle you to a refund.

You have to satisfy the following requirements to be eligible for the Child Tax Credit:

The youngster has to be under 17 at the conclusion of the tax year.

The child has to be your biological, adopted, or foster child, sibling, stepsibling, or a descendent of any of these.

The child must be a U.S. citizen, U.S. national, or U.S. resident alien and must live with you for more than half the year.

The child cannot give more than half of their own yearly support.

The child must to possess a valid Social Security number (SSN) by your tax return due date.

With up to $1,400 of that money refundable—meaning it might produce a return even if you owe no taxes—the Child Tax Credit can be as high as $2,000 per qualifying child. Income restrictions to keep in mind: For single filers with a modified adjusted gross income (MAGI) over $200,000, the credit starts to phase out; for married couples filing jointly under $400,000, the credit starts to phase out.

Claiming the credit requires filling out Schedule 8812 and supplying the necessary data on Form 1040.

This entry was posted on Sunday, April 6th, 2025 at 3:16 pm and is filed under Credits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.