What is the maximum number of children I can claim for the child tax credit?

Families with qualifying children can take advantage of the child tax credit (CTC).

Check out who's eligible and if there's a limit on how many kids you can claim.

The number of children that can be claimed is unlimited.

As part of the Taxpayer Relief Act of 1997, the credit was introduced and provides financial support for American taxpayers with children.

For tax year 2022, the credit is up to $2,000 per qualifying dependent.

As of December 31, 2022, they must be under the age of 17.

Northwestern Mutual reports that this year's credit is partially refundable and there is a $1,500 earnings threshold for claiming additional child tax credits.

According to the Tax Policy Center, these guidelines will take effect in 2022-2025.

Dependent qualifications

According to the Internal Revenue Service (IRS), dependents must meet other criteria to qualify for a credit.

1. Biological children, stepchildren, foster children, brothers, sisters, stepbrothers, stepsisters, half-brothers, half-sisters,

The following must be done:

or descendants of them (e.g., grandchildren, nieces, nephews) are all eligible.

2. During the year, provide no more than half of their own financial support

3. More than half of the year has been spent with you

4. Be properly claimed as a dependent on your tax return

5. Be a citizen, national, or resident alien of the United States

6. A valid Social Security number is required.

To qualify for the full amount of the Child Tax Credit, there is a threshold

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