Understanding the Child Tax Credit and Family Planning
Summary
In 2025, the U.S. Child Tax Credit (CTC) offers families meaningful relief by reducing their tax burden or delivering refunds. Parents can claim up to $2,000 per qualifying child under 17, of which $1,600 can be refundable, if they properly file and meet IRS criteria. Eligibility is based on the child's age, dependency, residency, and household income, with phase-outs starting at $200,000 for single filers and $400,000 for married couples. Several states offer additional credits, and U.S. expats may qualify—although the use of the Foreign Earned Income Exclusion can affect refundability.
Finance Monthly
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