What is the 2024 Child Tax Credit amount?

$2,000 per qualifying child under age 17. The refundable portion is up to $1,700 in 2024. Phase-out begins at $200,000 (single) or $400,000 (MFJ) of AGI.

What makes a child qualifying for the CTC?

Child must be under 17 at end of tax year, US citizen/resident, your dependent, have lived with you for more than half the year, and have a Social Security number.

How is the refundable Additional CTC calculated?

ACTC equals 15% of earned income above $2,500, up to $1,700 per qualifying child. If regular CTC exceeds tax liability, you may receive the ACTC as a refund.

Is there a Child and Dependent Care Credit?

Separate from CTC. Credit for 20-35% of childcare expenses ($3,000 for 1 child, $6,000 for 2+). Non-refundable for most taxpayers, allowing up to $1,050-$2,100 credit for qualifying expenses.

Will the CTC increase after 2025?

The $2,000 CTC and $400,000 MFJ phase-out threshold are TCJA provisions expiring after 2025. Without extension, the credit reverts to $1,000 per child with lower phase-out thresholds.

US Child Tax Credit and Additional Child Tax Credit Calculator 2024

Calculate Child Tax Credit ($2,000/qualifying child under 17) and refundable Additional CTC (up to $1,700 per child in 2024). Phase-out: begins at $200,000 (single), $400,000 (MFJ).

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Frequently Asked Questions

What is the 2024 Child Tax Credit amount?

What makes a child qualifying for the CTC?

How is the refundable Additional CTC calculated?

Is there a Child and Dependent Care Credit?

Will the CTC increase after 2025?