Think of yield as the return provided by a fixed income investment. The yield of a bond is based on both the purchase price of the bond and the interest (or coupon) payments received each year. Yield is often the term used to describe long-term interest rates.
The child tax credit (CTC) provides a credit of up to $1,000 per child under age 17. If the CTC exceeds taxes owed, families may receive some or all of the credit as a refund, known as the additional child tax credit (ACTC) or refundable CTC. Taxpayers can claim a tax credit of up to $1,000 for each child under age 17.
The Child Tax Credit. The Child Tax Credit for the 2016 filing year offers up to $1,000 per child 16 or younger at the end of 2015. You can take full advantage of the credit only if your adjusted gross income is under: $110,000 for married filing jointly. $55,000 for married filing separately. $75,000 for single or head of household.