Child Tax Credit Eligibility Limits Calculator. The child tax credit is intended to offset the many expenses of raising children. You cannot claim tax credits and universal credit at the same time.
The qualifying child must be the child tax credit amounts change as your modified adjusted gross income (agi) increases.
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. You could be eligible to receive the $2000 child tax credit. A number of deductions and credits are available and each has its own eligibility requirement. But, see limits on the ctc and odc , later.
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