Child Tax Credit 2018 Eligibility Income. How tax reform affects the child tax credit: The value of the credit has increased to $2,000 for the 2018 tax year, and the income thresholds at which it phases out have risen tremendously.
The child tax credit can significantly reduce your tax bill if you meet all seven requirements:
Child tax credit income limitations and phaseouts qualifying for the child tax credit in 2018.filing taxes, solving tax issues, tax credits and deductions, tax planning, and taxable income. Tax software helps busy families by finding tax deductions and credits in a quick and easy way. The income threshold at which the child tax credit begins to phase out is increased to $200,000, or $400,000 if married filing. Changes to the child tax credit in 2018 may affect you in 2019.
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