LIC India Customer Care Number, Toll Free Number Customer Support, Complaint Email Id | licindia.in Office Address, Contact Us, Branch Address. Life Insurance Corporation of India (LIC) is the largest insurance company in India. It is the very popular and big Insurance company of India. It has crore Customerâs who has taken there Insurance Policies.
The Child Tax Credit allows you to claim a maximum $1,000 per qualified child. This is a non-refundable income tax credit (with the possibility for it to be refundable through the Additional Child Tax Credit), meaning that if your credit exceeds your income tax liability, then you wonât get a check for the difference.
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.