What to Know About the Child Tax Credit

What to Know About the Child Tax Credit
The child tax credit allows parents to claim a tax benefit of up to $2,000 per qualifying dependent child. Steve Heap/Shutterstock
Javier Simon
Updated:
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Raising kids is hard enough without having to worry about taxes too. Thankfully, the government offers a few tax breaks to parents. Among the most notable is the child tax credit (CTC).

The child tax credit allows parents to claim a tax benefit of up to $2,000 per qualifying dependent child. And up to $1,700 can be refundable through what’s known as the additional child tax credit (ACTC).
Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.