Child Tax Credit Calculator
Calculate your Child Tax Credit and Additional Child Tax Credit
About the Child Tax Credit
The Child Tax Credit (CTC) helps families with qualifying children reduce their tax liability. For 2024, the credit is worth up to $2,000 per qualifying child under 17, with up to $1,500 being refundable as the Additional Child Tax Credit (ACTC).
Eligibility Requirements
- Child must be under age 17 at the end of the tax year
- Child must be your dependent and live with you for more than half the year
- Child must have a valid Social Security number
- Credit begins to phase out at $200,000 ($400,000 for married filing jointly)
Note: This calculator provides estimates based on standard credit amounts and phase-out thresholds. Actual credit may vary based on your specific circumstances. Consult with a tax professional for accurate tax planning and advice.