Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Child Tax Credit

Summary and Exercises

Summary

The child tax credit is a nonrefundable credit that allows qualifying taxpayers to reduce their tax liability to the lesser of the amount of the credit or their adjusted tax liability.

Taxpayers who are not able to benefit from the maximum $1,000 per qualifying child may be eligible to take the additional child tax credit, which is a refundable credit. The amount of the credit is reduced if the taxpayers MAGI is above the limit for their filing status.