How Does the Child Tax Credit Compare to 2024 and 2023? The child tax credit available this year is the same amount compared to last year, which is when Americans filed taxes for the 2023 tax year.

The Child Tax Credit (CTC) has been a staple in American families, helping them finance the expenses of having a child. But ...

Minnesota’s child tax credit is fully refundable. For comparison, and if nothing changes in Congress, only $1,600 of the federal CTC is refundable for the 2023 tax year. That means that some ...

Thanks to the 2017 Tax Cuts and Jobs Act, the child tax credit is capped at $2,000 per eligible child – down from a maximum of $3,600 per child during the pandemic, but double that of tax year 2016.