(Undated) – If you have kids you could be getting a bit more in your tax return. The “Child Tax Credit” increased for tax year 2023 and those who qualify can get up to two thousand dollars per child. Qualifying children include sons and daughters under the age of 17, stepchildren, and eligible foster children. The children have to live with the person for more than half a year to be claimed on the return. Those who meet the qualifications will get the full amount of the “Child Tax Credit” if the annual income is not more than two hundred to four hundred thousand dollars when filing jointly. Those who don’t normally need to file a tax return can still claim the credit but have to file and claim dependents.
