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.
Nanny Tax; Child Tax Credit. For Tax Year 2017, the Child Tax Credit can be worth as much as $1,000 per qualified child, depending on your total income. Child and Dependent Care Credit. If you pay for daycare so that you can work (or look for work), you may be able to take advantage of the Child and Dependent Care Credit. This credit can be worth up to $2,100 for 2017. The exact amount depends on the number of children and the amount you spent on childcare. Social Security Number For Your Child. It is critical to get a Social Security Number for your child if you want to receive tax benefits.