The child tax credit is worth up to $1,000 for each qualifying child, as of 2015, reports About.com. The amount phases down gradually once a taxpayer's income reaches a maximum level. If child tax credits reduce federal ... More »

www.reference.com Business & Finance Taxes

To qualify for the child tax credit, an individual must first determine eligibilityby considering the child's age, relationship to the adult, support, dependent status, citizenship, length of residency and family income,... More »

www.reference.com Business & Finance Taxes

The maximum Child Tax Credit or CTC for 2013 is up $1,000; the credit is refundable for families with a combined household earning of more than $3,000 a year. Prior to tax year 2009, the refundability threshold to qualif... More »

www.reference.com Business & Finance Taxes Income Tax

To qualify for the child tax credit, an individual must first determine eligibilityby considering the child's age, relationship to the adult, support, dependent status, citizenship, length of residency and family income,... More »

www.reference.com Business & Finance Taxes

The 2014 child tax credit is a standard $1,000 credit per child, although there are some limitations. The credit starts to phase out when married couples filing jointly have a modified adjusted gross income of more than ... More »

www.reference.com Business & Finance Taxes

A personal exemption acts like a tax deduction on a tax form and individuals can claim one for themselves and any dependents they support in order to reduce taxable income and lower taxes according to About.com. For 2015... More »

www.reference.com Business & Finance Taxes

Lump sum tax is tax equal to a specific amount, not depending on an individual’s income or any other considerations, explains About.com. This tax is viewed as efficient because it is equal for all individuals and does no... More »