Try The Child Tax Credit Calculator

1. TRY THE NEW CHILD TAX CREDIT CALCULATOR! The child tax credit is one of the most valuable tax credits for families with children under the age of 17. What is the Child Tax Credit? Is this Tax Credit Refundable? Before the overhaul of the tax haul in December 2017, the tax credit was non-refundable, meaning that if you don’t owe anything to the IRS, you won’t get to benefit from this credit.However, the child tax credit is now refundable up to a maximum amount of $1,400. The child credit is a credit that can reduce your Federal tax bill by up to $2,000 for every qualifying child. The recent Tax Cuts and Jobs Act (TCJA) also dramatically increased the income limits, so now, most families in America with qualifying children will have the chance to claim this credit. How Much the Child Tax Credit Calculator How Much Am I Eligible For? The child tax credit calculator will show you exactly how much you can claim this year. It’s combined with a dependent’s calculator, so you can also add other dependents in your household. If the calculator says you qualify, then it’s a good idea to claim the child tax credit because its one of the most valuable tax credits available to families. Is Your Child Eligible for the Tax Credit? There are six main tests that your child must pass in order to qualify for the tax credit. Here’s an overview:At the end of the tax year, your child must be under the age of 17.The child must be a direct descendent of you, which goes all the way to grandchildren and adopted children.More than half of their financial support must come from you, the taxpayer. For more information, visit our site! www.internettaxconnection.com/try-the-new-child-tax-credit- calculator