How To Calculate Child Tax Credit 2018 Depending On Earnings. How the phaseout works qualifying for the child tax credit in 2018 calculating the refundable portion Preparing and filing your tax return.
The child tax credit is intended to offset the many expenses of raising children.
Preparing and filing your tax return. The child tax credit (ctc) was first enacted in 1997 and has been increased several times since then. The child is claimed as a dependent on your return. Benefits would phase out for individual filers earning more than $75 the additional child credit is designed to help families who owe too little tax to take full advantage of.
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