KEY POINTS
- The maximum tax credit per qualifying child for the 2024 tax year is $2,000
- The full amount per child can be claimed if all eligibility factors are met and the annual income is not over $200,000
- Trump has yet to talk about his plans for expanding the child tax credit, but J.D. Vance said he wants the figures at $5,000
The holidays are over, and it's now time to start processing tax filings – an easy process for some but an arduous endeavor for many, especially those who are not so familiar with the Child Tax Credit.
