If you have any children under the age of 17, including any born during 2023, you could be eligible for the child tax credit. If you’re eligible, it could reduce how much you owe in taxes, but it won’t provide you with a refund because it’s nonrefundable this year. Also, you must meet several requirements to be eligible for the child tax credit in 2024.
The child tax credit is still at its pre-pandemic amount; however, lawmakers are working on restoring the expanded child tax credit. We’ll explain what’s going on below.
We’ll help you find out if you’re eligible for the child tax credit in 2024 and how much money you could get. For more tax tips, learn which divorced parent gets to claim the child tax credit and all the tax breaks you can get from your home.
