You can save $1,000 if you have children below 17.
You can save $1,000 if you have children below 17.
The Child tax credit is $1,000 < 17 years old at year end.
The Child credit is also a refundable credit (known as the “additional child tax credit”) for certain low-income taxpayers with one or more qualifying children when the taxpayer is not able to claim the full Child tax credit for each child (because tax liability is less than the available credit ).
A non-refundable tax credit for unreimbursed childcare expenses paid by working taxpayers. The Child and Dependent Care Credit is designed to encourage taxpayers to pay childcare expenses so that they can remain gainfully employed.
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