The child tax credit (CTC) allows eligible parents and caregivers to reduce their tax liability and might even result in a tax refund. However, not everyone can claim the credit, and credit amounts can differ for those who can. That’s because the 2023 child tax credit (for taxes filed in 2024) is based on income, filing status, the number of children, and whether the IRS considers your dependent a qualifying child.
Here is what else you need to know about the 2023 child tax credit, including how much (if anything) you can expect this year and new child tax credit changes that could be coming soon from Congress.
