Us rules. This video offers the latest information on tax credits for children. credits and tells you what you’ll need to know about be able to file the tax credit portion of your tax bill.
The tax credit for first-time child tax is $3600, with 3600 per child younger than 6 and $3,000 for children aged between the ages of six and 17. If you were a recipient of the advance child tax credit last year, then this total will decrease.
The tax credit is offered to parents or grandparents who spent at least six months their child as the primary caregivers. Based upon marital status, earnings requirements may be different.
married couples who earn less than $150,000 qualify, as do single parents earning less than $112,500. The maximum income is $75,000 for the rest of us. Families with higher incomes could qualify for a lower tax credit or even no tax credit at all.
For more information, visit IRS.gov There are pages that explain the guidelines for eligibility as well as the requirements on tax credits for children. You can also use an income calculator to find out if you qualify and for what amount.
For information about the child tax credits Click here to go below to view the video.
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