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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.
The Child Tax Credit. The Child Tax Credit for the 2016 filing year offers up to $1,000 per child 16 or younger at the end of 2015. You can take full advantage of the credit only if your adjusted gross income is under: $110,000 for married filing jointly. $55,000 for married filing separately.