Age For Child Tax Credit 2020 Changes. A social security number change. The child tax credit is intended to offset the many expenses of raising children.
The child tax credit has changed in recent years thanks to the gop tax reform bill.
Taxpayers can claim a child tax credit (ctc) of up to $2,000 for each child under age 17 who is a the tax policy center estimates that 90 percent of families with children will receive an average ctc of $2,380 in 2020 (the average credit can exceed. Credits increase from $2,000 to $3,600 per child under 6 and $3,000 for children older than 6. The child tax credit has undergonesignificant changes over time. If you have children or other dependents under the age of 17, you likely qualify for the child tax credit.
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