– Up to $2,000 per qualifying child under 17 – Refundable portion: Up to $1,700 (depending on tax liability) – Credit amount may change in 2026 if no new legislation is passed
– Single filers: Full credit for incomes up to $200,000 – Married filing jointly: Full credit for incomes up to $400,000 – Credit phases out by $50 for every $1,000 above these limits
– Child must be under 17 at the end of 2025 – Must have a valid Social Security Number – Must live with you for over half the year – You must claim them as a dependent
– Use Form 1040 and attach Schedule 8812 – Ensure all dependent information is correct to avoid delays – File early for a faster refund
– Without new legislation, the credit may drop to $1,000 per child – Tax laws change frequently—stay informed to maximize benefits!