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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 2017 Child Tax Credit Amount. The maximum amount of the Child Tax Credit (per qualifying child) is $1,000 in 2017. 2017 Child Tax Credit Income Levels & Phaseout. The Child Tax Credit is limited if your MAGI is above a certain amount. The amount at which this phase-out begins varies depending on your filing status.