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.
1 Child Tax Credit-Tax credit of to $1,000 per qualifying dependent child under age 17. 2  Credit phase-out begins at $110,000 for joint filers and $75,000 for single filers. 3  Earned Income Tax Credit-A flexible tax credit for low-income taxpayers, based on number of children.