child credit
Tax break, kids
A child credit is a tax benefit that reduces the amount owed based on having dependent children.
Parents or guardians claim the credit when filing taxes, with the amount typically varying by income level and number of qualifying children: We qualified for the child credit this year.
Also called child tax credit.
- taxMandatory public revenue charge
- dependentRequiring outside support
- deductionConclusion from premises
- tax breakReduction in owed amount
- refundMoney returned after purchase
allowance · benefit · parent · family · IRS · income · low income · exemption · filing · tax return · rebate · stimulus · household · earned · qualifying · minor · custody · support
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- taxationtax, income tax, sales tax, tax return, tax refund