Child tax credit

[Twool30]

How do you know if you qualify for it? When would we get it?

[DoninGA]

The child tax credit is available on your 2023 tax return if you are eligible.  You must have income from work to be eligible and have a dependent child under the age of 17.  The credit would be included in the 2023 federal tax refund or it would decrease the amount of 2023 federal taxes owed.

[BettieG]

Hi!  There are essentially 7 requirements that must be met in order to be eligible to claim the Child Tax Credit:

1.  Age:  child must have been under age 17 at the end of the tax year
2. Relationship:  child must be your own child (including adopted child), stepchild, or foster child placed with you by a court/authorized agency, sibling, step sibling, and descendents of any of these people
3. Support:  the child cannot have provided more than half their own support during the year
4. Dependency:  you must claim the child as a dependent on your tax return
5. Citizenship:  the child must be a US citizen, US national, or US resident alien
6. Residence:  the child must have lived with your for more than half of the year (with certain exceptions)
7. Family income:  the Child Tax Credit is reduced if your modified adjusted gross income is above certain limits.

Please see these articles for more specific details regarding eligibility to claim the Child Tax Credit:

• 2023 and 2024 Child Tax Credit:  Top 7 Requirements
• 2023 and 2024 Child Tax Credit
• What is the Child Tax Credit?

I hope this is helpful!