Child Tax Credit
TaxesA tax credit for each qualifying dependent child, directly reducing the amount of tax owed.
Example
Example: On a $75,000 salary, understanding child tax credit could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how child tax credit works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.