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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.
For Tax Year 2016, the Child Tax Credit can be worth as much as $1,000 per qualified child, depending on your total income. If you pay for daycare so that you can work (or look for work), you may be able to take advantage of the Child and Dependent Care Credit. This credit can be worth up to $2,100.