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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.
OVERVIEW. The Child Tax Credit can reduce your tax bill by as much as $1,000 per child, if you meet all seven requirements. To claim the Child Tax Credit, you must determine if your child is eligible.