Child Tax Credit Calculator For 2024
Calculate your potential 2024 Child Tax Credit based on your income and number of qualifying children. The maximum credit is $2,000 per qualifying child, with up to $1,700 being refundable through the Additional Child Tax Credit (ACTC).
Disclaimer: This calculator provides estimates only and should not be considered financial or tax advice. Please consult with a qualified tax professional or the IRS for guidance specific to your situation. The actual credit you receive may differ based on your complete tax situation and any future tax law changes.
2024 Child Tax Credit Calculator
Phase-out begins at $200,000 for single filers and $400,000 for married filing jointly, with complete phase-out at $240,000 and $440,000 respectively.
Your MAGI determines your credit phase-out. For most people, this is the same as AGI from your tax return. Typical range: $30,000-$400,000.
Your tax liability affects the non-refundable portion of your credit. Typical range: $5,000-$50,000.
Children must be under 17 at the end of 2024 to qualify. Maximum credit of $2,000 per child, with up to $1,700 refundable.