Child Tax Credit For Your Federal Income Tax Return
Child Tax Credit Eligibility And Qualifications
You may eligible for a Income Tax Child Tax Credit if you have a qualifying child under the age of 17.In order to receive this income tax child tax credit you must claim as a dependent your qualifying child, an adopted child, a stepchild or an eligible foster child.The income tax child tax credit is subject to phase out for taxpayers with adjusted gross income more than $110,000 per family, filing a joint return. The maximum amount of adjusted gross income for singles is $75,000.
Refundable Credit For A Family With Three Or More Children
This credit is not refundable for a family with less than three children. If you have three or more children you may be subject to receive a partial refund (the amount by which your Social Security Taxes exceed your earned income credit).In order to claim the Income Tax Child Tax Credit you need to file a Form 1040 or Form 1040A.