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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.
Child Tax Credit. The government offers a Child Tax Credit of up to $1,000 for each dependent child you have who is younger than 17 at the end of the year. To claim the full credit, your annual income must be less than $75,000 as an individual filer or $110,000 as a joint filer.