What is Child tax credit?
In short
The child tax credit is $2,200 per qualifying child under 17, as set permanently by the One Big Beautiful Bill Act and indexed for inflation after 2025. Part of it is refundable as the additional child tax credit.
Key takeaways
- It phases out above $200,000 of modified adjusted gross income ($400,000 joint).
- The child must have a Social Security number, and so must the taxpayer (at least one spouse on a joint return).
- Dependents who don't qualify may be eligible for the $500 credit for other dependents.
Where it's tested
REG: Filing Status, Credits & Alternative Minimum Tax — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
Under OBBBA, which identification requirement applies to claiming the child tax credit?