How Much Is Child Tax Credit 2019 Per Child. This has increased substantially under the under the tax cuts and jobs act (tcja) the following new child tax credit rules will take place starting in 2019 it is important to remember that the child tax credit can only be claimed once per child. The credit is worth up to $2,000 per dependent for tax years 2020 and 2021.
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The child tax credit (ctc) was first enacted in 1997 and has been increased several times since then. It is a tax credit worth up to $2,000 per qualifying as a tax credit the ctc directly reduces your total tax liability. Preparing and filing your tax return. It only applies to dependents who are younger than 17 as of the last day of the tax year.
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