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The Hows of Taxes

Module 8: Child Tax Credit & Credit for Other Dependents

 

A parent with two children.
The child tax credit allows taxpayers to claim a tax credit of up to $2,000 per qualifying child under the age of 17. This reduces their tax liability, potentially to $0. In order to claim the credit, the taxpayer and child must meet numerous requirements.

When a taxpayer's child tax credit is more than their tax liability, they may be eligible to claim an additional child tax credit as well as the child tax credit. The additional child tax credit is also a tax credit of up to $1,600 per qualifying child. This further reduces their tax liability and can result in a refund. Taxpayers must meet additional requirements to claim this credit.

materials:

Tax Tutorial
Tax Tutorial: Child Tax Credit & Credit for Other DependentsCheck your understanding of how to handle refunds and payments as well as recordkeeping requirements.
Fact Sheet
Fact Sheet: Child Tax Credit & Credit for Other DependentsPrint this fact sheet on the Child Tax Credit and Credit for Other Dependents.
Simulation
Simulation 8: Claiming the Child Tax Credit & Credit for Other DependentsTake on the role of Scott Newberry and claim a child tax credit and an additional child tax credit on your tax form.
Assessment
Assessment: Claiming Child Tax Credit & Credit for Other DependentsReview your understanding of the Child Tax Credit and Credit for Other Dependents.
skill check:
Check your understanding of the Child Tax Credit & Credit for Other Dependents. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
  1. The child tax credit is a nonrefundable tax credit.
  • A.
  • B.
  1. Shane is a 17 year old US citizen who lives with his mother and is supported by her. Shane qualifies for the child tax credit.
  • A.
  • B.
  1. Brad has two children who qualify for the child tax credit. Brad's modified adjusted gross income is $54,000 and his tax liability is $3000.
    Brad is eligible for the child tax credit.
  • A.
  • B.
  1. Deb and Doug have one child who qualifies for the child tax credit. Their income is $66,000 and their tax liability is $5,000.
    Deb and Doug are eligible for the additional child tax credit.
  • A.
  • B.


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