Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Additional Child Tax Credit

Income limits

Are There Income Limits?

For 2024, the child tax credit is $2,000 per qualified child. Up to $1,700 per child is refundable as additional child tax credit. The $2,000 credit starts to phase out at these MAGI income levels:

  • $400,000 for Married Filing Jointly
  • $200,000 for other filing statuses

For this credit, income includes Puerto Rico source income exempt under IRC Section 933.

The term "modified adjusted gross income" means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933. Consult the instructions for Form 1040-SS or Form 1040-SS (SP) to determine which types of income are included.