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Deductions & credits
Your child tax credit may appear on 2 lines on Form 1040. Check lines 19 and 28 to see the total of your tax credit. Preview Form 1040
You can get up to $2,000 for each child under age 17 if your modified adjusted gross income (AGI) is less than:
- $400,000 if you're Married Filing Jointly or a Qualifying Surviving Spouse, or
- $200,000 for all other filing statuses
If your AGI is higher than that, the amount of Child Tax Credit you're eligible for is reduced by $50 for each $1,000 your modified AGI is above the income threshold. For example, if you're Married Filing Jointly making $401,000, you’re eligible for a total credit of $1,950.
In 2023, the tax credit will be refundable only up to $1,600, depending on your income. You must have earned income of at least $2,500 to be eligible for the refund.
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March 1, 2024
9:06 PM
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