Child Tax Credit and Additional Child Tax Credit

Описание: Taxpayer with Dependent children under the age of 17 year as on Dec 31st, 2019 can claim a child tax credit of $2000 for each such dependent child. Married filing jointly taxpayer having AGI up to $400,000 and other filing status having AGI up to $200,000 can claim full credit of $2000 each per child. The dependent child needs to have a Social Security number and should a US citizen, US National or US Resident. Residents of Canada and Mexico do not qualify for Child tax and Additional Child tax Credit. Please watch the video for more details. Please do not treat this as Tax advise and consult your tax professional.