How to Apply. Purchase Loan & Cash-Out Refinance: VA loans are obtained through a lender of your choice once you obtain a Certificate of Eligibility (COE). You can obtain a COE through eBenefits, by mail, and often through you lender.
Loading the player... DEFINITION of 'Child Tax Credit'. The Child Tax credit is a credit given to taxpayers for each dependent child who is under the age of 17 at the end of the tax year. The Child Tax credit is a nonrefundable credit that reduces the taxpayer's liability on a dollar-for-dollar basis. The Child Tax credit is intended to provide an extra measure of tax relief for taxpayers with qualifying dependents. Next Up.
What the New Law Does to the Child Tax Credit. The Child Tax Credit provisions of the new tax law are based on changes made in the credit by the 2001 tax cut. That earlier tax cut expanded the child tax credit in two ways. First, it increased the size of the credit from $500 per child to $600 in 2001 through 2004, $700 in 2005 through 2008, $800 in 2009, and $1,000 in 2010. Second, it expanded the refundability of the credit â or the amount in excess of a householdâs tax liability that can be received as a refund from the Treasury.