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.
Your income and number of qualifying children will determine the actual amount of your credit. For tax year 2014 the maximum credits are as follows: 1  $6,143 with three or more qualifying children. 2  $5,460 with two qualifying children. 3  $3,305 with one qualifying child. 4  $496 with no qualifying children.