WHAT IS THE CHILD TAX CREDIT?
The Child Tax Credit (CTC) is a tax credit for single or married workers earning low or moderate incomes who have dependent children under age 17. Workers who qualify for the CTC and file a federal tax return can receive a credit of up to $2,000 per child and a $500 nonrefundable credit for qualifying dependents other than children. The amount of the credit will depend on the worker’s income. Workers whose earnings are too small to have paid taxes may also be eligible for the CTC.