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Deductions & credits
The child tax credit is $2000 for each child that you have as a dependent under the age of 17. If you use that full $2000 to reduce your tax bill then it's used up and a good deal because it reduced your taxes.
But if you don't need the full $2000 to reduce your tax bill then whatever portion you don't use can be refunded to you. That is the additional child tax credit.
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‎April 11, 2024
11:59 AM