Child Tax Credit
What could you do with $1,500 or more?

Through the Child Tax Credit, families receive a tax credit of up to $2,000 for each child under the age of 17. You do not have to be the child’s biological parent to qualify.

If you don’t normally file income taxes, that’s ok! To qualify, you must earn at least $2,500 from working in 2024. . The Child Tax Credit will help pay any taxes you might owe on your earnings. If you don’t owe any taxes, you will receive a cash refund of up to $1,500 per child.

Am I eligible for the Child Tax Credit?

You may qualify for the Child Tax Credit if you meet all of these criteria.

  • You are a parent, guardian or caregiver with dependent children under 17. Children who turn 17 on or before Dec. 31, 2024 are not eligible.
  • The child has lived with you for at least six months in 2024.
  • You provide the majority of the financial support for the child. You do not have to be the child’s biological parent or have formal custody to qualify.
  • The child has a Social Security Number. If you do not have a Social Security number, you can still file your taxes with an Individual Tax Identification Number (ITIN). However, the child must have a Social Security Number to receive the Child Tax Credit.
  • You earned at least $2,500 from working in 2024.

 

What about the monthly payments that I got for 2021?

In 2021, Congress approved monthly payments of up to $300 per child, per month. Unfortunately, these monthly payments have not been renewed by Congress.

 

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