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Deductions & credits
Hi Justice24,
Thank you for joining us today.
As of todays date, 7/31/24, there has been no change to the Child Tax Credit for 2024 (for tax returns filed in 2025). The maximum credit will be $2,000 per child, of which, up to $1,600 can be refundable. Generally speaking, a taxpayer must have at least $2,500 in earned income to qualify for the refundable portion.
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‎July 31, 2024
12:32 PM