As tax season rolls in, parents across the U.S. have an opportunity to claim up to $3,600 per child on their 2024 tax returns (filed in 2025). This tax benefit, known as the Child Tax Credit (CTC), is meant to help families with the cost of raising children.
For this year, the maximum credit is $2,000 per child, with up to $1,700 being refundable through the Additional Child Tax Credit (ACTC). This means even if you don’t owe taxes, you could still receive a portion of the credit as a refund.
But how do you qualify? Here’s what you need to know.
Who Qualifies for This Tax Credit?
Not everyone is eligible, but many families can benefit. To claim the credit, you must meet these requirements:
Your child must be under 17 at the end of 2024.
They must be related to you (biological, adopted, stepchild, sibling, grandchild, or niece/nephew).
They must have lived with you for more than half of the year.
They must be a U.S. citizen or resident alien with a valid Social Security number.
You must have earned income, as the credit is based on your taxable earnings.
Income limits apply: If you earn over $200,000 (single) or $400,000 (married filing jointly), the credit amount starts decreasing.
How to Claim Your Money
If you meet the qualifications, here’s how to ensure you get the credit:
File Form 1040 – You must file a tax return to claim the credit.
Include Schedule 8812 – This form helps calculate your CTC and any refundable portion.
Check your documents – Make sure your child has a Social Security number and that all your financial details are correct.
Important: The IRS won’t send this money automatically—you have to claim it on your tax return!
When Will You Get Your Refund?
If you’re eligible, don’t expect your refund right away. The IRS is required by law to delay refunds that include the Additional Child Tax Credit until at least mid-February 2025. Even if you file early, you may not see your refund before late February or early March.
However, you can track your refund using the IRS “Where’s My Refund?” tool on their website.
Could the Credit Increase to $3,600?
During the pandemic, families received $3,600 per child under an expanded CTC. While Congress has discussed bringing this back, no official changes have been approved yet. For now, the credit remains at $2,000 per child for the 2024 tax year.
But things could change, so stay updated on any new legislation!
Other Ways to Maximize Your Tax Refund
Check for state tax credits – Some states offer additional tax benefits for families.
Use free IRS filing services – If you earn under a certain amount, you may qualify for Free File or Volunteer Income Tax Assistance (VITA).
Talk to a tax expert – A professional can help you claim every credit and deduction you qualify for.
Final Thoughts
With tax season here, it’s crucial to file correctly to maximize your refund. If you have kids, don’t leave money on the table—claim your Child Tax Credit and get the refund you deserve.
Check your eligibility now, file your taxes early, and make sure every dollar you’re owed comes back to you! 💵🔥
