01/04/2025
CHILD TAX CREDIT(CTC) IS $2000 PER Qualifying child..There is not a limit on how many children can be claimed. you will get the CREDIT for EVERY qualifying child.
The ADDITIONAL CHILD TAX CREDIT(ACTC) is the refundable portion of the CTC and that is UP TO 1700$ PER qualifying child and depending on income. You had to have at made at LEAST $2500 of earned income for the ACTC, the refundable portion."
EARNED INCOME TAX CREDIT(EITC)
this is is not a child credit! You can RECEIVE this credit WITHOUT children. This is a low-moderate income level credit. This is the credit that gives you the “bigger” refunds. This credit is LIMITED!! No matter how many qualifying children you claim you will only receive MAX CREDIT FOR 3!
The maximum amount of credit:
* No qualifying children: $632
* 1 qualifying child: $4,213
* 2 qualifying children: $6,960
* 3 or more qualifying children: $7,830
BOTH credits are BASED OFF INCOME! Each credit is different and has different amount.
This info is already DIRECTLY from the IRS its self also.
