What is the 2024 child tax credit amount?

$2,000 per qualifying child under age 17. Up to $1,600 per child is refundable as the Additional Child Tax Credit (ACTC) if earned income exceeds $2,500. The refundable amount is calculated as 15% of earned income over $2,500.

What are the CTC phase-out thresholds?

Phase-out begins at $200,000 AGI (single) and $400,000 (MFJ). Credit reduces by $50 for every $1,000 of AGI above the threshold. At $240,000 single with one child, the full $2,000 credit is phased out.

What qualifies as a qualifying child for CTC?

Must be under 17 at year-end; related to you by blood, adoption, or foster care; lived with you more than half the year; did not provide more than half their own support; and have a Social Security number.

2024 Child Tax Credit Calculator

Calculate your 2024 child tax credit — $2,000 per qualifying child under 17, with up to $1,600 refundable (Additional CTC). Phase-out begins at $200,000 (single) / $400,000 (MFJ).

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate your 2024 child tax credit — $2,000 per qualifying child under 17, with up to $1,600 refundable (Additional CTC). Phase-out begins at $200,000 (single) / $400,000 (MFJ). Use the child tax credit result to inform your calculation.

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Frequently Asked Questions

What is the 2024 child tax credit amount?

What are the CTC phase-out thresholds?

What qualifies as a qualifying child for CTC?