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The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. Here are 10 important facts from the IRS about this credit and how it may benefit your family.
a child and dependent care tax credit of $3,000 per child, up to $6,000 for two or more children. If you qualify, you can get both credits in the same year, and you can still get the tax exemption for children and other dependents. In the past, the child tax credit was limited to middle and lower-income taxpayers.