What Is Additional Child Tax Credit 2017. It could be claimed by families who owe the irs less than their this provision was eliminated from 2018 to 2025 by the 2017 tax bill. Child tax credit and credit for other dependents worksheet.
The qualifying child or children must have a social security number or ssn issued by the social security administration before the tax return or tax extension due date.
In fact, once you reach a certain threshold, the credit additional fees and restrictions may apply. How the child tax credit works today. The child tax credit is a refundable tax credit worth up to $2,000 per qualifying child and $500 per qualifying dependent. Under tax reform, part of the child tax credit remains nonrefundable but the old additional child tax credit, which was refundable, has essentially been merged into the new if you have three or more qualifying children, you can use an alternative formula to determine the refundable portion.
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