Child Tax Credit: What You Need to Know

The CTC is a credit you can claim on your federal income tax return. It's worth up to $2,000 per qualifying child.

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What is the Child Tax Credit?

A refundable credit can reduce your tax bill to zero and even provide a refund if it exceeds your tax liability.

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Understanding Refundable vs. Non-Refundable

For 2023 taxes, up to $1,600 of the credit per child is refundable.

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How Much of the CTC is Refundable?

You can claim the CTC by filing a federal income tax return, even if you don't owe any taxes.

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How to Claim the Child Tax Credit

The deadline to file your taxes and claim the CTC for the 2023 tax year has already passed (April 15, 2024).

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Important Dates to Remember

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