Child Tax Credit

What Does Child Tax Credit Mean?
A credit given to taxpayers for each dependent child that is under the age of 17 at the end of the tax year.

Investopedia explains Child Tax Credit
This is a reward given to parents or guardians for taking care of their dependents.

Related Terms

Additional Child Tax Credit
Adoption Credit
Dependent
Exempt Income
Exemption
Head Of Household
Kiddie Tax
Member of Household
Special Needs Child
Tax Shield
More Related Terms

Related Links

Special Feature: Income Tax Guide - Don’t miss out on tax benefits and significant savings this year! Our Income Tax Guide has everything you ever wanted to know about tax but were afraid to ask.
Budgeting For A New Baby - This little member of your family will be a big expense. Find out what you need to budget for and how to save.
Filing Your Child's First Income Tax Return - Use this quick parental guide to help your child learn this process and establish good habits.
Taxing Times For Divorced Parents - Find out how to deal with the tax issues that arise for divorced parents with dependent children.
How To Claim A Dependent - If you are a caregiver, get to know the rules for claiming a dependent before filing your taxes.
Give Your Taxes Some Credit - A few tax credits can greatly increase the amount of money you get back on your return.
Raising Grandchildren A Financial Feat - Becoming a full-time caregiver again presents many challenges - including making ends meet.
How do I sign up for the saver's tax credit?
How can I use a child tax credit?

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