The Additional Child Tax Credit is a refundable tax credit thatfamilies may qualify for. In 2023, up to $1,600 of the Child Tax Credit can be refundable for each qualifying child if certain conditions are met.4This refundable portion increases to $1,700 in 2024.5To claim a refund, filers...
If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
The Additional Child Tax Credit (ACTC) is an essential tax credit that can provide substantial financial assistance to eligible parents. This tax credit compiles upon the Child Tax Credit (CTC) and is refundable, meaning that even if your income tax liability is less than the credit, you can...
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