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Credit worth as much as $1,000 per child. If you have children who are under age 17 at of the end of the calendar year, you can get a tax credit of up to $1,000 per child on your tax return.ince their combined income exceeds the $110,000 phase-out threshold for married couples by $20,000, they must reduce their credit by $50 for every $1,000 they are over the limit. So they would lose $1,000 of their credit ($50 x 20) and could claim only a $1,000 child tax credit.
Category: Filing Taxes Tags: amount, child, credit, how, much, tax. 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: Must be 16 or younger on the last day of the year.