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Child Tax Credit Calculator

Calculate your 2024 Child Tax Credit and savings • Last updated: December 2024

Tax Information

From your tax return

Child 1:

Under 17: $2,000 • 17-23: $500

Enter your tax information to calculate credit

2024 Credit Amounts

Child Tax Credit

$2,000 per child under 17

Up to $1,400 refundable

Other Dependents

$500 per dependent 17-23

Non-refundable

Maximizing Credit
  • Ensure valid SSNs
  • Maximize 401(k) to reduce AGI
  • Consider filing jointly
  • Time income strategically

The Child Tax Credit provides up to $2,000 per qualifying child under 17, with up to $1,400 being refundable. The Credit for Other Dependents provides $500 for qualifying dependents aged 17-23. Credits begin phasing out at higher income levels.

Sources: IRS Publication 972, IRS Form 8812, U.S. Department of Treasury Tax Credit Information.

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