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Frequently Asked Questions

How do I calculate the child tax credit?

Determine the amount of the tax credit. Multiply the number of qualifying dependents by $1,000 to get the maximum credit amount. For example, if you have three qualifying dependents, the maximum child tax credit is $3,000. If your Modified Adjusted Gross Income (MAGI) exceeds $110,000 for married filing jointly,...

How much do I get for child tax credit?

The maximum amount of the credit is $2,000 per qualifying child. Taxpayers who are eligible to claim this credit must list the name and Social Security number for each dependent on their tax return. The child must be younger than 17 on the last day of the tax year, generally Dec 31.

Where are my Child Tax Credit payments?

According to the IRS, you can use the Child Tax Credit Update Portal to see your processed monthly payment history. It'll be a good way to watch for pending payments that haven't gone through your bank account yet.


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