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.
Similarly, payments from a state or county for foster care are considered support provided by the state or county. Child Tax Credit. The child tax credit allows you to claim a credit of $1,000 for each qualifying child. Thus, for example, a taxpayer with four qualifying children will be entitled to a credit of $4,000.