how much is child tax credit
The Child Tax Credit (CTC) helps working families offset the cost of raising children. It is worth up to $1,000 per eligible child (under age 17 at the end of the tax year). The CTC includes a refundable component, the Additional Child Tax Credit. Like the EITC, the CTC increases with earnings, but unlike the EITC, the first $3,000 in earnings does not count when determining the CTC. Families receive a refund equal to 15 percent of their earnings above $3,000, up to the credit's full $1,000-per-child value.