get $2,000 as a Child Tax Credit in 2024
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Created by : Team stimuluscheckupdated.com
Created by : Team stimuluscheckupdated.com
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Child Tax Credit Amount for 2024:
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The child tax credit for the 2024 tax year remains at a maximum of $2,000 per qualifying child.
Increased Refundable Portion:
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Notably, the refundable portion of the credit has increased to $1,700, potentially providing an extra $100 per qualifying child as a tax refund.
Additional Refund Potential:
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Eligible taxpayers stand to benefit from an enhanced tax refund by taking advantage of the increased refundable portion.
Income Limits Reminder:
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It's crucial to be aware that income limits are in place for these benefits, influencing eligibility for the child tax credit.
Qualification Criteria:
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To qualify, a child must be under 17 at the year's end, have lived with the taxpayer for more than half the year, and meet other specific criteria outlined by the IRS.
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