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The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. Here are 10 important facts from the IRS about this credit and how it may benefit your family.
The child tax credit is worth up to $1,000 per child that is under 17. To be eligible to claim this credit your child or dependent must first pass all of the following tests: 1  Must be 16 or younger on the last day of the year. 2  Must be a US citizen, US national, or a resident alien.  Must be claimed by you as a dependent.