Child Tax Credit Calculator
Calculate your Child Tax Credit and Additional Child Tax Credit
Child Tax Credit
Additional Child Tax Credit
Total Credit
Credit Breakdown
Understanding the Child Tax Credit
The Child Tax Credit (CTC) is a tax benefit that helps families offset the costs of raising children. The credit is worth up to $2,000 per qualifying child under age 17, with up to $1,600 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 son, daughter, stepchild, foster child, sibling, or descendant
- Child must have lived with you for more than half the year
- Child must not have provided more than half of their own support
- Child must be a U.S. citizen, national, or resident alien
- Child must have a valid Social Security Number
Income Phase-out Thresholds (2024)
- Single: $200,000
- Married Filing Jointly: $400,000
- Married Filing Separately: $200,000
- Head of Household: $200,000
The credit is reduced by $50 for each $1,000 (or fraction thereof) of AGI above the threshold.
Note: This calculator provides estimates based on 2024 tax year rules. Actual credit amounts may vary based on specific circumstances, additional eligibility requirements, or changes in tax law. Consult with a tax professional for accurate tax planning and credit eligibility determination.
Recommended Calculator
Casio FX-991ES Plus
The professional-grade scientific calculator with 417 functions, natural display, and solar power. Perfect for students and professionals.
View on Amazon