What Is Additional Child Tax Credit 2020. For 2020 returns, the actc is worth $1,400. The child tax credit is a refundable tax credit worth up to $2,000 per qualifying child and $500 per qualifying dependent.
As part of the tax cut & jobs act (tax reform), there were notable.
This refundable portion of the credit is called the additional child tax credit (actc) and for example, in a february 2020 report, the u.s. Child tax credit has been replaced by universal credit for most people. It could reduce or eliminate the tax you owed to the irs, but any portion of the credit that might have been left over would just disappear. The internal revenue code provided for an additional child tax credit.
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