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 The Child Tax Credit is for people who have a qualifying child. 2  The maximum credit is $1,000 for each qualifying child. 3  You can claim this credit in addition to the Child and Dependent Care Credit.4  For more information on the Child Tax Credit, see IRS Publication 972, Child Tax Credit. The Child Tax Credit is for people who have a qualifying child. 2  The maximum credit is $1,000 for each qualifying child. 3  You can claim this credit in addition to the Child and Dependent Care Credit.